The Goods and Services Tax Act of 2017 was a drastic change in the Indian tax system. Its main purpose is to make the Indian tax system easy. Goods and services tax system was introduced in order to make the tax system more transparent by making the entire system online. To take the benefit of goods and services tax system one must obtain GST registration. To get this registration one must be aware about the various documents required for GST registration. To know about them in detail read this blog till the last line.
What is GST Registration?
To become part of the goods and services tax system of India one has to take a registration under the Goods and Services Tax Act of 2017. This registration is known as GST Registration. After this registration one is eligible to get the various benefits or advantages of the goods and services tax system of India. The most important thing to get this registration is awareness regarding the various documents required for GST registration. Some of the key objectives of this registration are mentioned below:
- The idea of “one nation, one tax” was attempted to be realized.
- Compilation of the majority of Indian indirect taxes
- Make India’s tax system uniform.
- Reduction of taxes’ cascading effect
- Protect the tax system from tax evasion
- Enlarge India’s taxpayer base
- Encourage the tax system to become more digital
List of Main Documents Required For GST Registration in India
We’ll go over a few of the essential documents required for GST registration below. To register for India’s goods and services tax, one can consult the same in order to get the entire details regarding the documents required for GST registration:
Documents for Proprietorship Firm
- Photo of the Promoter or Partner
- Photo of the Authorized Signatory
- Proof of Appointment of Authorized Signatory which can be a letter of authorisation
- One copy of resolution of the company which was passed by board of directors or managing committee for the appointment of authorized signatory
- Acceptance letter by the authorized signatory
- Business address proof which can be electricity bill or municipal khata copy or property tax receipt or property ownership documents
Documents for Private Limited Company
- Incorporation certificate of the Private Limited Company
- A Picture of the directors and shareholders
- A picture of the designated signatory
- Proof of Authorized Signatory Appointment, which may be a letter of authorization
- A copy of the board of directors’ or managing committee’s resolution designating the designated signatory
- Acceptance letter from the signatory with authorization
- Electricity bills, copies of municipal khatas, property tax receipts, or documentation proving ownership of real estate can be used as proof of business address.
Documents for Limited Liability Partnership Firm
- Certificate of the incorporation of the Limited Liability Partnership Firm
- Recent photograph of the partners of the LLP
- Business address proof of the registered address of the LLP
- Recent photograph of the authorized signatory of the LLP
- Limited Liability Partnership deed will be required
Documents for the Partnership Firm
- Partnership deed of the partnership firm
- Any proof regarding the substantiating Constitution of the partnership firm
- Id proof of all the parters of the partnership firm
- Address proof of all the patterns of the partnership firm
- Business address proof which can be a electricity bills, copies of municipal khatas, property tax receipts or property ownership papers
- Photos of the partners as well as authorized signatory of the partnership firm
How to Obtain GST Registration in India?
To obtain the registration of goods and services tax in India one must follow the steps given below:
- The very first thing one needs to do is collection of documents required for GST registration
- Visit the official website which is available for the registration
- Make credentials and login
- Fill the application form
- Upload the documents
- Check the application after completing it
- After the checking the application carefully submit the application with requisite fees
- Examination of the application by the department of goods and services tax
- After the successful examination registration certificate will be issued
Key Benefits of GST Registration in India
Due to the various benefits of the goods and services tax registration one must opt for it. Some of the main or key benefits or advantages of GST registration are mentioned below:
- The level of reliability among rivals in the industry has improved.
- helps to increase investor and consumer confidence
- Simple and seamless fundraising
- Companies can obtain funding with ease.
- Simple loan arrangement
- Composition of offers for small businesses
- Easy Registration for GST
- Simple online compliance with GST
- Boost a company’s efficiency
- regulates the unorganized business sector
Conclusion
GST registration in India, a key part of the “one nation, one tax” goal, necessitates specific documents based on the business type. Without having the knowledge of the documents required for GST registration one cannot complete the registration process. Hence one must have all the documents required for GST registration. These include photographs, proof of authorized signatory appointment, business address proof, and relevant certificates or deeds. To obtain GST registration, visit the official website, complete the application, upload documents, pay fees, and await approval from the Department of Goods and Services Tax. This process is essential for a more uniform and transparent tax system in India.
