Documents required for GSTIN registration for sole proprietorship
Documents required for GSTIN registration
India has moved to a new GST regime from 2017 onwards. GST stands for Goods and services tax. It is very important for sole proprietor to register under this new taxation structure. Moreover, It has been mandatory to register for GSTIN for certain businesses with specified turnover.
GSTIN stands for GST identification number. A GSTIN is a 15-digit PAN-based unique identification number allotted to every registered person under GST. The GSTIN registration process for a sole proprietor requires one to comply with list of business related documents. For Proprietorship registration, you need to submit a list of business related documents. Let us find out about list of documents required for registration for a sole proprietorship-
- PAN Card for GSTIN– A Permanent account number (PAN) is a ten character alphanumeric identifier issued in the form of a laminated card format by Indian Income tax department. Validity for a PAN card is lifetime.
- Aadhar Card for GSTIN – Aadhar number is 12 digit random number issued by UIDAI to the residents of India after satisfying verification process laid down by authority. Aadhar card contains demographic information as well as biometric information of a citizen of India.
- Passport size photo of the sole proprietor
- Registered office address proof – A registered office address is required by a proprietor to register for a GST certification. Office space can be owned one or a rented place. Following documents are required in both cases-
- Self owned property – Copy of latest electricity bill or fixed landline bill or water bill or Municipal khata copy or local property tax receipt.
- Rented property – Rent agreement and no objection certificate (NOC) from the owner of the property.
- Bank Account details – A copy of the cancelled cheque, the front page of the passbook or bank statement.
GST registration or GSTIN registration for a sole a proprietor is very helpful in more than one ways. It helps businessmen to complete compliance and can also help him in getting finance for his business requirements in the form of loan from a bank. To read more articles, like these you can visit us on this link or contact us for further guidance.