Proprietorship Firm GST Registration

Proprietorship Firm GST Registration

While many businesses have enrolled/migrated to GST, many have yet to register. Registration of any business entity under the GST Law implies obtaining a unique GST number from the concerned tax authority to collect tax on behalf of the government and to avail Input Tax Credit for the taxes on the inward supplies.

In this article, we will guide you through the process of GST Registration for a Proprietorship Firm.

When GST registration for proprietorship firms is required?

GST Registration for the Proprietorship Firm can be required in the following conditions –

  1. When turnover is more than 40 lakh rupees in a year
  2. When Proprietorship Firm sell products or services interstate (from one state to another state)
  3. When Proprietorship Firm doing e-commerce business.
  4. When Proprietorship Firm wants to claim the input tax credit on the purchase.
  5. Voluntary basis

So on these above conditions, Proprietorship Firm can apply for the GST Registration.

Documents required for GST Registration of Proprietorship Firm

The following documents must be submitted by persons or entities applying for GST registration.

  1. PAN card
  2. Aadhaar card
  3. Photograph of the sole proprietor
  4. Bank account details- a copy of the cancelled cheque or bank statement
  5. Address proof of office- 
  1. Rented office – Rent agreement and No objection certificate (NOC) from the owner
  2. Own office – Copy of electricity bill/landline bill/water bill/municipal khata copy/ property tax receipt

Process of GST Registration of a Proprietorship Firm

Any Company, Firm or person buying or selling goods or providing services have to register themselves under Goods and Services Tax (GST) to avail the input tax credit benefits.

Registration for GST can be done online on the Goods and Services Tax website www.gst.gov.in, wherein a Temporary Reference Number (TRN) for the application is generated.

  1. Login to the GST Online Portal.
  2. Fill up Form Part-A (PAN, Mobile No., and E-mail).
  3. The Portal verifies your detail by OTP/E-mail.
  4. Upload the required documents.
  5. Access and fill in Part B using the received number.
  6. You will get the Application Reference Number.
  7. The GST Officer starts verifying your documents.
  8. The GST Officer either rejects or accepts your application within seven working days.
  9. In case of any further proofs or clarifications required, one must Provide the same.
  10. After all the clarifications, the GSTN number shall be allotted to you.

 





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/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else, visit TAXAJ

 

Watch all the Informational Videos here: YouTube Channel

 

TAXAJ Corporate Services LLP

Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078

Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com


    • Related Articles

    • GST Applicability & Registration for Proprietorship Firm

      Sole Proprietorship Sole Proprietorship Registration Procedure & Advantages A Sole Proprietorship form of business organization is where a business is managed by a single person. Generally, it does not require any registration as such. Any individual ...

    • GST Registration Eligibility & Online Filing Process

      GST Registration - An Overview The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. It is a destination based tax on consumption of goods and services. GST is to be charged at every ...

    • what are the process of name change under GST ?

      Change of Firm Name in GST Registration Certificate In this article, we will discuss an important question that "Can we change name of firm in GST Registration". Though many people think that once GST Registration is obtained, it is not possible to ...

    • 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 ...

    • Where to Register Proprietorship Firm

      Documents Required for Sole Proprietorship Registration in India Sole Proprietorship is the most accessible form of business done in India since any specific laws don’t govern it. Under sole Proprietorship's, the compliance’s are minimal and easy to ...