Checklist for GST Registration in India

Posted by Enterslice India on June 2nd, 2018

The acronym GST stands for Goods and Service Tax. It is a destination based tax. It is based on the basis of consumption of goods and services. It is levied from the first stage i.e. right from the manufacturer till the last consumer. The taxpayer gets the credit of the tax paid at the last stage.  At last stage only the value addition is charged. GST is one of a single tax on the supply of goods & services, from the producer to the customer.

To get benefit of GST Charged the end customer need to pay amount of GST, which is charged by the end dealer? GST helped to eliminate multiple taxes into a single system, tax difficulties would be reduced while tax base is increased considerably.

GST has become an immense tax restructuring in India, very helpful for carrying on the business & growing the taxpayer base in India. It helps to cover millions of small businesses under one roof.

• GST is a dual taxation system under which Central and State Government will be levying tax on common basis. 
• The tax levied by the Central Government will be called as Central Goods & Services Tax (CGST). The tax levied by the State Government will be called as State Goods & Services Tax (CGST).
• On every Inter-State supply tax will be levied and collected by the Central Government.
• On every Intra-State supply tax will be levied and collected by the State Government and the Central Government which will be called Integrated Goods and Service Tax.

Who is liable to pay GST?

Under the existing system of GST is liable to be paid by following:

• Persons who supply goods and services.
• When the turnover of the supplier crosses the limit of ₹20 Lakhs (for some special category it is ₹ 10 Lakhs.

What are the eligibility criteria for GST Registration?

Following are the businesses that require registering under GST regardless of their turnover:

• Every person who is registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)  Requires registering under GST.
• When there is any transfer of business, the transferee needs to take necessary GST registration
• Anyone who drives inter-state supply of goods
• Casual taxable person
• Non-Resident taxable person
• Agents of a supplier
• Those paying tax under the reverse charge mechanism
• Input service distributor
• E-commerce operator or aggregator
• Person who supplies via e-commerce aggregator
• Person which provides services through online & database access from a place outside India to a person in India, excluding a registered taxable person

What are the documents required for GST Registration?

In case of Proprietor:

• Photograph.
• Aadhar Card.
• PAN Card.
• Cancelled Cheque.
• Business Premises address proof.
• E-mail Address and Contact No.

In case of Company:

• Directors Details (KYC & Photograph)
• KYC of Authorized Signatories.
• Cancelled Cheque in the name of the Company.
• Business Premises address proof.
• Board Resolution authorizing the Signatory.
• Business Premises/Utility Bill

·        Email address and contact details

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