GST Registration for Proprietorship, and Documents required for GST Registration

GST Registration for a Proprietorship Firm can be completed quickly and conveniently online. In this article, we’ll show you how to apply for GST Registration for a Proprietorship Firm quickly and easily. We’ll tell you whether a sole proprietorship business can register for GST in India, and if so, what the method is for GST registration for proprietorship businesses, as well as the paperwork required. In this article information such as GST registration for proprietorship, documents required for GST registration, how to register GST for sole proprietor, and other relevant information on GST registration for Sole Proprietorship.

Introduction

The GST registration process is entirely online, and no physical documents are required to be submitted to the GST Department. It is critical to organize the paperwork in accordance with strict regulations in order to finish the GST registration steps. The proprietorship must submit an application in Form GST REG-01 to the GST site in order to obtain GST registration.

GST Registration is applicable on all goods and services except Petroleum products as of now. GST is a consolidated tax, which essentially means that State and Central Indirect taxes have been merged. The entire country operates under a uniform tax system. GST has replaced service tax, excise, VAT, entertainment tax, luxury tax, octroi, CST etc.

When GST Registration for Proprietorship is required

• When a company’s annual revenue exceeds 40 lakh rupees.
• When a proprietorship firm sells goods or services over state lines (from one state to another), or when a proprietorship firm engages in e-commerce.
• When a sole proprietorship wants to claim an input tax credit for a purchase.
• Based on a voluntary basis.

Documents Required for GST Registration

• PAN of applicant
• Aadhar Card
• Address Proof of business
• Proof of business or registration
• Identity and Address Proof of Directors with photographs
• Bank Account Statement or Cancelled Cheque
• Authority Letter
• Digital Signature (not required in proprietorship firm)

How to Register GST for Sole Proprietor

• All you have to do is go to the GST India Official Website and fill out a registration form with your personal pan card, as there is no special Pan Card for a proprietorship firm.
• You may also receive GST Registration for proprietorship along with the required documents by contacting a professional legal service or a GST Consultant.

Conclusion

If you have an annual turnover of more than Rs. 40 lakhs, you can register for GST. You must also obtain a GST number if you conduct online business, for example registered your business on Amazon. GST registration is simple and can be completed online using the GST portal.