Goods and Service Tax (GST) is an indirect tax collected by the government from registered dealers on selling taxable goods and providing taxable services. GST registration is mandatory for all suppliers with turnover exceeding Rs.40,00,000 (trading in goods), and Rs.20,00,000 (Service provider). Suppliers of taxable goods can also register GST on an optional basis, in that case, all the rules and regulations that are applicable to the mandatory dealers are applicable to dealers registered under the optional category.
How to apply GST registration in Chennai
GST registration is the process of application by dealer for getting them self registered under GST Act. On approval of GST application, a 15 digit PAN based GST number is allotted to the taxpayer. For each GST registration, a separate GST number is issued to the taxpayer. Registered GST dealer should file periodical returns on time to avoid penalty. GST number can be applied on voluntary basis for advantage of GST credit, etc. You can also apply online GST registration yourself, but it is recommended to approach GST registration consultant for proper filing of GST application
Documents required for GST registration
- Pan card of individual or partners or directors.
- Address proof of individual or partners or directors.
- Passport size photo.
- Pan card of business
- Rental agreement or sale deed for business address.
- Latest electricity bill or corporation tax receipt of business premises.
- Filled up checklist