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Filing of Form GST Reg-01: Are You Ready?

GST Form Filing

Individuals and Business Entities now have a chance to enroll themselves under the GST regime. While the window has been open since June 25th, we wonder if you are GST ready.

Well, at first, we should find out if you are required to be registered under GST.

As per Section 22 of CGST,

Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees:

Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees.
As per Section 23, following are the persons not required to be registered under GST:

– any person engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Act or under the Integrated Goods and Services Tax Act;

– an agriculturist, to the extent of supply of produce out of cultivation of land.

As per Section 24, there is compulsory registration in certain cases:
a) Casual taxable persons making taxable supplies
b) Non-resident taxable persons making taxable supplies
c) Persons making inter-state taxable supplies
d) Persons required to pay tax under reverse charge
e) persons required to deduct tax under section 51, whether or not separately registered under this Act;
f) every person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered person;
g) Input Service Distributor, whether or not separately registered under this Act;
h) every electronic commerce operator;
i) persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such electronic commerce operator who is required to collect tax at source under section 52;
j) persons who make supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise;
k) person who are required to pay tax under sub-section (5) of section 9;
l) such other person or class of persons as may be notified by the Government on the recommendations of the Council.

Hit or miss? The complete checklist:

For Individual
1. PAN Card of individual
2. Aadhar Card of individual
3. Passport size photograph
4. Active E-mail Id
5. Current Mobile Number
6. ID Proof of individual: Driving Licence, Voter ID Card, Passport
7. Address Proof of residence of individual (Any 2)
i. Electricity Bill
ii. Landline/ Telephone Bill
iii. Municipal Tax (Vera Bill) copy
iv. Rent/ Lease Agreement
v. Consent Letter (in case of premises of relative)
vi. Any certificate or record from government department

8. First Page Of Pass Book Or Bank Statement
9. Details of Authorised Signatory (either of the two)
I. Letter of Authorization
II. Copy of Resolution passed by Board of Director/ Managing Committee
10. Business Proof
11. Cancelled Cheque of Bank Account showing name of account holder, bank branch details, IFSC code, MICR code
12. Address Proof of office premises (Any 2)
I. Electricity Bill
II. Landline/ Telephone Bill
III. Municipal Tax (Vera Bill) copy
IV. Rent/ Lease Agreement
V. Consent Letter (in case of premises of relative)
VI. Any certificate or record from government department

13. Authority Letter

Note: All documents are required in ORIGINAL.

For Other Than Individuals, following are needed:

1. Constitution of Business
a) Partnership Deed
b) Registration Certificate

2. Principal Place of Business
a) MOA & AOA
b) Tax paid receipt
c) Electricity bill
d) Bank statement
e) Municipal Khata copy
f) Bye-laws of society
g) Rent/lease agreement
h) Consent letter
i) Any certificate/ document issued by Government
j) Any certificate/ document record from Government

3. Details of Bank Account
a) First Page of Pass book
b) Bank Statement’

Now, it’s time for you to get GST ready!

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