GST REGISTRATION FOR PARTNERSHIP

  • Home
  • GST REGISTRATION FOR PARTNERSHIP
image

ABOUT GST REGISTRATION FOR PARTNERSHIPN

Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied in India on the supply of goods and services. The tax came into effect from July 1 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian government. The tax replaced existing multiple cascading taxes levied by the central and state governments.

DOCUMENTS REQUIRED FOR PRIVATE COMPANY REGISTRATION

  • PAN of the Partnership
  • Aadhaar card of both partner
  • Partnership Deed
  • Identity and Address proof of Promoters/Director with Photographs
  • Address proof of the place of business
  • Bank Account statement/Cancelled cheque.
  • Digital Signature(Not Required in case of Proprietorships and Partnership)
  • Letter of Authorization/Board Resolution for Authorized Signatory

MANDATORY / COMPULSORY REGISTRATION

Along with these threshold limits, Section 24 of the Act also specifies a list of suppliers for whom GST registration is mandatory. This list includes the following suppliers:

  • Anyone required to pay tax under reverse charge.
  • Anyone claiming or remitting Input Tax Credit
  • Any person effecting inter-state supply.
  • Casual taxable person effecting taxable supply.
  • Non-resident taxable person effecting taxable supply.
  • Input Service Distributor
  • E-commerce Operator
  • Any person supplying on behalf of others, whether as an agent or not.
  • Every person supplying online information and database or retrieval service from a place outside India to a person in India, who is not a registered person need GST Registration.
  • A person supplying through E-commerce who collects tax at source u/s 52.