Proof of business registration or Incorporation certificate
Identity and Address proof of Promoters/Director with Photographs
Address proof of the place of business
Bank Account statement/Cancelled cheque
Letter of Authorization/Board Resolution for Authorized Signatory.
What is GST Registration
In the GST Regime, businesses whose turnover exceeds Rs. 20 lakhs (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
GST registration usually takes between 2-6 working days. We’ll help you to register for GST easily.
Goods and Services Tax
Goods and Services Tax (GST) is the accumulation of prevailing Central and State Taxes in India into a single tax. It is biggest and most significant reformation of indian Indirect Tax Structure till date. GST will mitigate the cascading or double taxation of present taxation, facilitating a common national market. Goods and Services Tax would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, replacing various taxes levied by the Central and State Governments.
Features of GST
GST or Goods and Services Tax is a comprehensive tax applicable on goods & services, which will flow against the present tax structure of multi-level taxation.
GST will subsume Central Indirect Taxes like excise duty, countervailing duty and service tax, and State Levies like value added tax, octroi and entry tax, luxury tax etc.
It will be a Destination Based & Multipoint Tax and not the Origin based tax
It will be a Dual GST having two components –Central GST– CGSTlevied by the Centre, and State GST– SGST levied by the states
Intra-State supplies of goods & services are liable to CGST & SGST on identical Tax Base
Import of Goods or Services would be treated as inter-State supplies and would be subject to IGST in addition to the applicable customs duties
Inter-State supplies of goods & services are liable to Integrated Goods & Services Tax (IGST) by the Centre.
GST would subsume the following taxes currently levied and collected by the Centre: Central Excise duty Countervailing duty Service Tax Octroi and Entry Tax Duties of Excise (Medicinal and Toilet Preparations) Additional Duties of Excise (Goods of Special Importance) Additional Duties of Excise (Textiles and Textile Products) Special Additional Duty of Customs (SAD) Cesses and surcharges insofar as far as they relate to supply of goods or services
State taxes that would be subsumed within the GST are : State VAT Central Sales Tax Purchase Tax Luxury Tax Entry Tax (All forms)Entertainment Tax (not levied by the local bodies)Taxes on advertisements Taxes on lotteries, betting and gambling.