What is the use of GST registration??
In any business tax system registration is the most fundamental requirement for the identification of taxpayers ensuring tax compliance in the economy. Registering any business under GST law is important. Without registration, a person can neither collect tax from his customers nor claim any input tax credit of any tax paid by the owner.
Some advantages of GST registration:
- He will be legally recognized as the supplier of goods or services.
- He will be legally authorized to collect tax from his customers and pass on the credit of the taxes paid on goods and services supplied to the purchasers.
- He can claim an input tax credit of tax paid and can utilize the same for payment of taxes due on the supply of goods and services.
What documents are required for GST registration??
- Photos of all the partners: Photos of all the partners are required for the GST registration of a Partnership Firm. It can be proof of registration.
- PAN card and Aadhar card of all the partners: PAN card and Aadhar card of all the partners are required for the GST registration of a Partnership Firm. It consists of a unique number which can be a unique proof for each partner.
- Mobile number and email ID of all partners: Mobile number and email ID of every partner for the contact information and proof.
How to register????
- Login to the GST online portal
- Fill up the form Part-A (PAN, Mobile no. , and Email)
- The portal verifies your details by OTP/E-mail.
- Upload the required documents.
- Access and fill in Part B using the received number.
- You will then get the application reference number
- The GST officer starts verifying your details.
- The GST officer either rejects or accepts your application within 7 working days.
- If any explanation is required you need to produce the documents required
- After all the clarifications GSTN number is allotted to you.
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