GST Registration for Proprietorship

GST Registration for Proprietorship

GST Registration for Proprietorship Firm can be done quickly Online, but Today in this guide, we give you tips so you can easily apply GST Registration for Proprietorship Firm Online. We will tell you whether the sole proprietorship firm can be registered under GST. 

As you already know, A Sole Proprietorship is a Firm Where There is A single person who is the owner of the company and also looks after the Management of the Business. Sole Proprietorship does not require to Be Registered in India, or The Registration of Sole Proprietorship is Voluntary and not mandatory. Sole Proprietorship does not require Legal Formalities to start a business in India, but you may be required to get specific Licenses such as GST Registration or MSME Registration etc.

When to get GST Registration for Proprietorship Firm?

In the following circumstances, GST registration for a sole proprietorship company is mandatory-

  1. When sales or turnover of Proprietorship Firm exceeds 40 lakh rupees per year
  2. In the Special Category States, such as  in the North Eastern States, it is mandatory to get registered under GST if annual turnover exceeds ₹10,00,000/- (Ten lakh rupees)
  3. When sole-proprietorship involves the business of inter-state supplies of goods.
  4. When the company sells items or services between different countries.
  5. E-commerce operators such as Amazon and Flipkart also require GST Registration.
  6. If the company wants to claim the credit for the input tax on the purchase.
  7. Voluntarily

What are the Documents required?

  1. Scanned Copy of Pan Card of the Proprietor
  2. Scanned Copy of Aadhar Card of the Proprietor
  3. Electricity Bill, Telephone Bill or water Bill  of Business Location or Premise or Rent Agreement if Office is on rent
  4. Personal Bank Statement  or Cancel Bank Cheque or Passbook Frontpage Copy of the Proprietor
  5. Passport Size Photographs of the Proprietor

Procedure for GST for Proprietorship Firm

  1. To Get Gst Registration for Proprietorship Firm, All You have to do is log onto The Official Website Of GST In India and  Fill up a registration form with a Personal pan Card. There is no separate Pan Card for the Proprietorship Firm.
  2. You can also Contact a Professional Legal Service or a GST Consultant to get Gst Registration for proprietorship and the prescribed Documents.




Created & Posted by Pooja

Income Tax Expert at TAXAJ

 

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you with a One-Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/BusinessTrademark & Brand RegistrationDigital MarketingE-Stamp Paper OnlineClosure of BusinessLegal ServicesPayroll Services, etc. For any further queries related to this or anything else, visit TAXAJ

 

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