Who Are Eligible For GST Registration
Every business or entity that provides any supply of goods and services to customers must get registered under GST, unless they fall under certain exceptions.
A person or entity that is required to register for Goods and Services Tax must apply for it within 30 days of becoming liable to do so. Businesses that provide interstate supplies must be registered under GST as they are subject to IGST (Integrated Goods and Services Tax) while those who have a turnover of more than 20 lakh rupees in a year must register for VAT/CST (Central Sales Tax). Those who supply services through an internet platform must also get themselves registered for GST as they are considered as suppliers according to the GST laws. They can collect GST from their clients and claim input tax credit on their purchases. Even those who are not required to register for GST can still apply voluntarily, according to the rules of the CGST Act and SGST Act.
A person can be an individual, HUF, firm, company, LLP or AOP/ BOI, trust, local authority, government, and body corporate incorporated under the laws of a foreign country, or any other artificial juridical person. However, it is mandatory to have a PAN number to obtain GST registration as the registration is PAN-based.
You can check the eligibility to register for GST by visiting the GST portal and filling in all the details asked for. Then, upload the required documents such as proof of business constitution, address proof and identity proof of the promoter/partner/director/proprietor and authorized signatory. After the verification process is complete, you will receive an Application Reference Number (ARN) that you can track on the GST website.
Tel:+917299972500
Comments
Post a Comment