GST Registration
GST Registration is an online process involving submission of several business details along with certain supporting documents. Prior to the GST registration, a critical analysis of various business and transaction aspects like nature of business, types of supplies/ services, category of registration etc. are required to be undertaken.
We, at Wankhade & Co. are equipped to provide qualitative value added services through the entire process of GST registration. Our dedicated team is available to offer end to end services in accordance with your requirements and clarify your questions.
What is GST Registration
In order to comply with the provisions of Goods and service tax law and avail eligible benefits, businesses need to undertake registration with the GST Act 2017 and take GST Number.
In order to register for GST, taxpayers need to submit certain documents, fill in requisite business related information and file the online application on GST Portal.  Upon filing the necessary details, Temporary reference number allotted and the application is sent to the GST authorities for review and approval.
In case the GST authorities have any questions, the application is sent back to the taxpayer seeking additional clarifications. In such case, the taxpayers need to provide appropriate responses to clarifications sought by GST authorities.
If the GST authorities are satisfied with the responses/ business details provided, the application would get approved and the certificate of GST registration containing the Goods and Services Tax Identification Number (GSTIN) or GST number would be made available to the taxpayer.
This entire process of filing the online application to the receipt of GST Registration certificate is covered under our GST Registration Service offering. Our GST Registration consultants will help in each step.
Threshold limit for GST registration
GST Registration based on aggregate turnover.
Aggregate Turnover Threshold Limit from 1st April 2019
The annual turnover exceeds INR 20,00,000 (20 Lakhs) for Special Category States; and
The annual aggregate turnover exceeds INR 40,00,000 (40 Lakhs) in all other cases
Aggregate Turnover Threshold Limit till 31st March 2019
The annual aggregate turnover exceeds INR 10,00,000 (10 Lakhs) for Special Category States; and
The annual aggregate turnover exceeds INR 20,00,000 (20 Lakhs) in all other cases
Mandatory registration criteria
Person listed below required to register under GST irrespective of their aggregate Turnover
1 - Inter-state supplies
2 - Casual taxable persons
3 - Non-Resident taxable person
4 - Agents of supplier & Input service distributor
5 - Persons liable to pay tax under reverse charge mechanism
6 - e-commerce aggregators
7 - Persons supplying via e-commerce aggregators
8 - Persons liable to comply with TDS/ TCS provisions
9 - Person supplying online information and database access or retrieval services (OIDAR) from a place outside India to a person in India
10 - Persons having Service Tax/ VAT/ Central Excise registration
11 - Transferee in case of a business transfer
12 - Successor in case of a business succession
Documents required for GST registration
Documents required for GST Registration by Private Limited company or Limited Liability Partnership :-
1 - Copy of Company/LLP PAN Card.
2 - Copy of Address Proof (If property is owned -Electricity Bill, Water Bill, House Tax Receipt, Telephone Bill otherwise rent agreement)
3 - Directors/Partners Details- PAN card, Aadhaar card, Photo, Mobile number, Mail Id
4 - Copy of Cancelled Cheque.
5 - Copy of Board Resolution for Authorized signatory.
6 - Nature of business for identifying HSN Code (Goods/ services).
7 - Digital Signature of Authorized Signatory.
8 - Proof of additional place of business, if any.
9 - Certificate of Incorporation/ Partnership deed of LLP
Documents required for GST Registration by a Partnership Firm:
1 - Copy of Partnership
2 - PAN Card
3 - Copy of Address Proof (If property is owned - Electricity Bill, Water Bill, House Tax Receipt, Telephone Bill otherwise provide rent agreement)
4 - Partners Details - PAN card, Aadhaar card, Photo, Mobile number, Mail Id
5 - Copy of Cancelled Cheque
6 - Authorization letter to authorize one of the partner to sign under GST
7 - Nature of business for identifying HSN Code (Goods/ services).
8 - Proof of additional place of business, if any.
Documents required for GST Registration by a Proprietor:
1 - Proprietor Details- PAN card, Aadhaar card, Photo, Mobile number, Mail Id
2 - Copy of Address Proof (If property is owned - Electricity Bill, Water Bill, House Tax Receipt, Telephone Bill otherwise provide rent agreement)
3 - Copy of Cancelled Cheque
4 - Nature of business for identifying HSN Code (Goods/ services)
5 - Proof of additional place of business, if any.
6 - Trade name of business
Accounting and Taxation Compliances
With a dedicated team of Chartered Accountants in Mumbai, offer a wide range of services on how to maintain your companies and manage corporate income taxes including bookkeeping, accounting, financial statement preparation, electronic data transfer, corporate tax return preparation and paralegal services like preparation of annual shareholder report, tax refund, director resolutions, and annual filings.
