For small business, GST registration is required in such a way, so many documents are required
Business News: A person running a shop in a small street also has to register. But for those whose annual turnover is more than Rs. 40 lakhs, it is necessary to get GSTIN by registering for GST.
There is a special rule of GST registration for business. According to this rule, any person doing business has to undergo GST registration. If you do business without registration, there is a possibility of getting caught. The GST officer can catch you and interrogate you. This does not mean that even a person running a shop in a small street has to register. But for those whose annual turnover is more than Rs 40 lakh, it is necessary to get GSTIN by doing GST registration. In some states, the turnover has been kept above Rs 20 lakh. That is why if you come in this turnover you also have to do GST registration.
You can also register for GST yourself. Which you have to do online. For this you have to go to the website https://www.gst.gov.in/. Click on https://www.gst.gov.in/help/enrollmentwithgst on the homepage of this website and you will get all the registration information. There you can easily register for business. If the turnover of the manufacturing sector is more than 40 lakhs, registration is required. The service sector requires a turnover of Rs 20 lakh. E-commerce is also included in this limit. A turnover of Rs 10 lakh has been set for the north-eastern states.
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Documents required for registration
- Passport size photo of the owner
- Company’s PAN card
- ID Proof (Aadhar Card, Passport or Driving License)
- Bank passbook, checkbook
- Partnership deed if there is a partnership form
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If you run a small business and you come across the above turnover, you need to get GST registration done. For this you have to register online by attaching all the above documents. For this you go to GST portal https://www.gst.gov.in/. And follow the steps given there. Where you have to register first. After that you have to give your personal details. Goods and services information such as business details, HSN code or SAC, bank details must be provided.
If your information is correct and there is no defect in it, your GST number will be available shortly. This number will be your GST registration number. You may have seen GSTIN written on shopkeepers’ boards or on bills. Which is a GST number.
Why GST registration is required
GST has replaced all previous taxes. Earlier different types of taxes were coming. All of which are included in GST. If your annual turnover is 40 lakhs or in some cases more than 20 lakhs then you are a taxpayer in the genre of GST. For this you have to pay tax in business. Registration is required to pay this tax. If you do business without registration, it is a crime for which you have to pay a fine.