Necessary Documents Required for GST Registration in India

Companies providing service or goods with an annual turnover of more than Rs.40 lakh should have GST registration, states the Goods and Service Tax Act 2017. However, it is advisable for all companies to complete GST registration to avail of the loan benefits, etc.

There is a lot of doubt in entrepreneurs about the registration process and its necessities. Therefore, to make it comprehensive and transparent, the Government has opened a GST registration online system. It is easy, less time-consuming, has detailed inlaid rules, and requires minimal documents.

What are the documents required for GST registration in India?

The basic documents required for GST registration in India are as follows:

  • Identity proof of the business owner.
  • Address proof of owner.
  • PAN card.
  • Business registration proof
  • Photograph of the owner.
  • Bank account details of the company.

However, the lists of documents required for GST registration for various business types are different, which is listed here:

1. GST registration for partnership firm and LLP 

Documents necessary for the GST registration of the partnership firm and LLP require some additional documents related to the business and the partners. Those are:

  • Identity proof, preferably Aadhar Card of any of the authorised signatories.
  • PAN Card for all partners.
  • Address proof of partners.
  • Business principal’s address proof.
  • Photograph of partners.
  • Partnership deed.
  • Proof of appointment of signatory/signatories.
  • Proof of LLP registration.
  • Bank details.

2. GST registration for Private Limited companies

Documents necessary for GST registration of Private Limited companies are:

  • Identity proof of all directors.
  • Address proof of all directors.
  • PAN card of proof of all directors.
  • Business principal’s address proof.
  • Companies’ pan card.
  • Memorandum or articles of association.
  • Incorporation certificate of the Ministry of Corporate Affairs.
  • Signatory’s Aadhaar, PAN, and appointment letters.
  • Bank details.

3. GST registration for society or club

Documents required for GST registration of society or club are:

  • Aadhaar card and PAN card of associated partners and promoters.
  • Photograph of partners and promoters.
  • Copy of registration certificate of club or society.
  • Details of a bank account may submit cheque, account statement or first page of passbook.
  • Registered office address proof includes utility bills, rent agreement with NOC of premise owner, and legal ownership documents.
  • An authorisation letter with the signature of authorised signatories.

4. GST registration for Hindu Undivided Families

  • Identity proof and photograph of the karta’s or patriarch of the family.
  • PAN card of karta’s or patriarch of the family.
  • HUF’s PAN card.
  • Business’ principal address proof.
  • Bank details.

Since GST registration procedure in India is mandatory for most businesses, one should check the eligibility for the same.

Who should register the company under GST?

Although the threshold limit of annual turnover for GST registration is Rs.40 lakh, however, for hilly and northeastern states, it is Rs.10 lakh. Also, some specific transaction needs GST registration number, even though the companies’ turnover is less than Rs.40 lakhs.

Such cases are:

  • Inter-state supply of goods and services.
  • Individuals under tax liability in reverse charge.
  • NRIs under tax liability.
  • Individuals with tax liability under section 37.
  • Agents supplying goods or services on behalf of any registered taxpayer.
  • Distributor of input services.
  • E-commerce operators.
  • Aggregators providing services under a new trade name.
  • Individuals and groups notified by Central Government under GST council.
  • To avail of a business loan.

Hence, besides arranging the documents, you should also know how to calculate GST like a pro. It will also help secure business loans.

Is GST registration compulsory for a business loan?

GST registration is not compulsory for getting a business loan; however, GST-complaint companies have a higher probability of loan sanction than those without. This policy holds immense importance for authentication of the company as it focuses on decentralization and increasing the country’s GDP.

Business loan helps to augment the growth by boosting the capital fund. Therefore, a business house should have all documents and be a complaint before applying for this credit.

To maximise the benefit of a business loan, individuals can avail pre-approved offers from reputed NBFCs like Bajaj Finserv. Such offers are available on a host of financial products like business loans, personal loans, etc. Individuals can check their pre-approved offers by sharing essential contact details with the lender.

The GST registration process is readily available on the government’s website to clear all doubts and show the necessary documents for your business type. All documents should be digitally signed by the Class 2 digital signature of authorised signatory/signatories to apply for GST registration online. Therefore, it is very necessary to get a digital signature first before submitting documents.

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