GST Registration is mandatory for every business involved in buying and selling of goods or services. Any businesses with turnover above the threshold limit of Rs.40 lakhs or Rs.20 lakhs or Rs.10 lakhs, registration under GST is mandatory. If the organization carries on business without registering under GST, it is an offence under GST and heavy penalties will be levied. GSTIN or Goods and Services Tax Identification Number is provided to entities having GST registration number.
Documents Required for GST Registration
• Company PAN (Individual PAN in case of Proprietorship)
• Aadhar card of the Applicant
• Photograph of the Applicant
• Bank account details
• Address proof of principal place of business