What Is GST Registration

GST registration refers to the process of enrolling a business or an entity under the Goods and Services Tax (GST) system. GST is a unified and indirect tax that has been implemented in several countries to replace various indirect taxes like VAT, service tax, excise duty, etc.
When a business crosses the prescribed turnover threshold (which varies from country to country), or when it falls under certain specific criteria, it becomes mandatory for that business to register for GST. Once registered, the business is assigned a unique identification number called the Goods and Services Tax Identification Number (GSTIN).
The GST registration process typically involves visiting the official GST portal of the respective country and providing necessary details and documents, such as PAN card, identity proofs, address proofs, bank account details, and business registration documents. The registration process can be done online, making it convenient and accessible for businesses.

What’s the benefit of registering a business under GST?

Registration under Goods and Service Tax (GST) regime will confer the following advantages to the business:

  1. Legally recognized as a supplier of goods or services.
  2. Proper accounting of taxes paid on the input goods or services that can be utilized for payment of GST due to the supply of goods or services or both by the business.
  3. Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.

Documents required for GST registration:

  1. PAN Card of the Company
  2. Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.
  3. Passport size photo of the applicant.
  4. Authorized signatory like List of partners with their identity and address proof in case of partnership firm or List of directors with their identity and address proof in case of a company.
  5. Proof of Appointment of Authorized Signatory. Any One of these: Letter of Authorisation, Copy of Resolution passed by BoD/ Managing Committee, and Acceptance letter.
  6. Proof of Principal Place of business (Any One) like Electricity Bill, Legal ownership document, Municipal Khata Copy, Property Tax Receipt, Rent Agreement,
  7. Proof of Details of Bank Accounts (Any One) like The first page of Pass Book, Bank Statement, Cancelled Cheque.