Skip to main content

Requirements For GST Registration of Proprietorship Concern


- Single Person Required

- GST Registration compulsory if Turnover exceed 20 Lac

- Below the said turnover limit a Proprietor can take voluntary registration.

  For GST Registration Document Required:

- ID and Address Proof as Pan Card/Passport/Voter ID/Aadhar Card/Driving License Copy of the      Proprietor.

- One Business Place Address proof i.e. (if Property on Rented: - Need

  Rent Agreement And NOC from Landlord, if Property is own: -

  Electricity Bills or any other Address Proof.)

  Note: Proprietor Business place and home place can be same

- Bank Account Statement

Comments

Post a Comment

If You Have Any Doubt, Please Let Me Know

Popular posts from this blog

What is B2CS and B2CL in GSTR-1?

B2CS:  Business to Customer Small. It covers supply to Non Gst registered customers for local supply of any amt and for inter state supply where amt is less than Rs. 2.5 lac. B2CL:  Business to Customer Large. It covers supply to Non Gst registered customers for inter state supply where amt is more than or equal to Rs.2.5 lac. (In case of any question please leave your query in comment box.)
2 comments
Read more

Requirement of GST Registration

Compulsory Registration Required by Law R equired by Law 1.   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. 2. Every person who, on the day immediately preceding the appointed day, is registered or holds a license under an existing law, shall be liable to be registered under this Act with effect from the appointed day. 3. Where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transfer...
3 comments
Read more

GST - SEC - 17 (5) BLOCK CREDIT CONCEPT REQUIRED IN GSTR-3B

During preparation of GSTR-3B, Kindly Check following section of CGST Act to consider correct input tax credit (itc) in your return & to avoid any itc reversal & interest liability @ 24% 17. (5) Notwithstanding anything contained in sub-section (1) of section 16 and subsection  (1) of section 18, input tax credit shall not be available in respect of the following, namely:—   (a) motor vehicles and other conveyances except when they are used–– (i) for making the following taxable supplies, namely:— (A) further supply of such vehicles or conveyances ; or (B) transportation of passengers; or (C) imparting training on driving, flying, navigating such vehicles  or conveyances; (ii) for transportation of goods; (b) the following supply of goods or services or both— (i) food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery except where an inward supply of goods or services or both of a particular ...
1 comment
Read more