Goods and Service Tax (GST)

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.

GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. State GST (SGST) which will be levied by State and Integrated GST (IGST) – which will be levied by Central Government on inter-State supply of goods and services.

1. Every business carrying out a taxable supply of goods or services and whose turnover exceeds the threshold limit of Rs. 20 lakhs (Rs 10 lakhs for North Eastern and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

2. Apart from the normal taxpayer (as defined above), there are few special cases (as explained below) that have to register for GST irrespective of their turnover.

• Every person who is registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
• When a business which is registered has been transferred to someone, the transferee shall take registration with effect from the date of transfer.
• Anyone who drives inter-state supply of goods
• Casual taxable person
• Non-Resident taxable person
• Agents of a supplier
• Those paying tax under the reverse charge mechanism
• Input service distributor
• E-commerce operator or aggregator
• Person who supplies via e-commerce aggregator
• Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person

Registering Authority:

• Directorate General of Taxpayer Services & Central Board Of Excise & Custom

Required Documents

> PAN of Partners

> Proof of Address of Partners (Aadhar/ Passport/ Electricity Bill)

> Photo of Partners

> Proof of registered office address (Lease Deed/Purchase Agreement /Rent Agreement along with Electricity Bill)

> Consent letter, if property not owned

> Cancelled Cheque Copy/Bank Statement/First page Passbook of Bank Account

> PAN of LLP

> Certificate of Incorporation of LLP