Check Basic Eligibility & Documentation for your Business GST Registration.

Under the GST regime, if the turnover of a business entity crosses the prescribed limit then it will be compulsory for the entity to register as a normal taxable person. The prescribed limit under GST is as follows:

1. Where person is making supply of both goods and service then turnover limit of Rs. 20 lakh shall be applicable.

2. Where person is making supply of only goods then turnover limit of Rs. 40 lakh shall be applicable.

3. If the business entity is located in special category states like Manipur, Mizoram, Nagaland and Tripura then turnover of Rs. 10 Lakh is applicable irrespective of whether the person is making supply of goods or service or both.

At the time of calculating the total turnover of the business entity the following items shall be included and excluded as per section 2(6):

Items to be included:

1. Taxable supplies

2. Exempt supplies

3. Export

4. Interstate supplies

Items to be excluded:

1. CGST, SGST, UTGST, IGST and Cess.

2. Value of inward supplies on which tax is payable under reverse charge mechanism.

The turnover of persons having same PAN to be computed on all India basis.

Under the GST regime registration for certain businesses is mandatory which are as under.

1. Persons making any interstate taxable supply.

2. Casual taxable person who does not have a fixed place of business in the state or union territory from where he wants to supply

3. Persons who is required to pay tax under reverse charge mechanism i.e. where the recipient of supply is liable to pay tax.

4. E commerce operator who are required to pay tax on specified services.

5. Non resident taxable person making taxable supply.

6. Where a person is liable to deduct tax at source(TDS) under section 51 whether or not separately registered.

7. Agent or any person who makes taxable supply of goods or service or both on behalf of other taxable persons.

8. Input service distributor whether or not separately registered under the act.

9. Every e commerce operator who is required to collect tax at source under section 52.

10. Every person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person.

11. Person who supply goods or services or both, other than supplies specified under section 9(5), through such e commerce operator who is required to collect tax at source under section 52.

12. Any other person or class of person as may be notified by the government on the recommendations of the council.

Details and documents required for GST registration(Individual):

The following are the details required for GST registration:

• Scanned copy of passport size photo of the proprietor/ partners/ Directors

• PAN details of Company/ firm etc

• Aadhaar and Pan card scanned copy of the proprietor/ partners/ Directors

• Scanned copy of Proof of business-like Electricity bill. Telephone bill , rent agreement(Self attested with stamp of firm)

• In case the place of business is in name of other person then NOC of owner is required

• Registered Mobile and Mail id for Communication

• Details of Business

• Letter of appointment of Authorized signatory

For Further Information or Registration Contact Us or Visit : www.yogeshsuthar.com