GST REGISTRATION FOR SOLEPROPRIETORSHIP.

A sole proprietorship is a type of enterprise . which is owned and run by a person and in which there is no legal distinction between the owner and the business unit. The sole proprietorship is certainly not a valid element. It essentially denotes an individual business and is liable for its obligations. The sole proprietor can trademark the business name if it is other than their name

What Sole proprietorship firm can .

The owner of a sole proprietorship usually signs contracts in his name, the reason behind this is no separate personality under the law. Sole proprietor owners can mix personal and business assets and assets, and regularly do, something that organizations, LLPs and companies cannot. This is the reason why a huge number of people prefer proprietorship firms over others to get complete control over something.

When to get GST Registration if you are planning to open a sole proprietorship?

1. At First Register under the Shop and Establishment Act.
2. Get your Udyog Aadhaar under the Ministry of MSME.
3. Now Apply for GST registration.
4. Get your GST Certificate.

GST registration for Sole Proprietorship firm .

India has moved to another GST system since 2017. A sole proprietor needs to be listed under this new tax assessment system. Additionally, specific organizations with indicated turnover are required to be listed for GST. The GST indexation measure for sole proprietors expects someone to agree to the extension of the documents related to the business. For Proprietorship registration, you need to submit a detailed statement of a few documents relating to the business. Here in this article, you will get a complete list of things required to be listed for a sole proprietorship.

Documents required for GST registration

• PAN Card - A Permanent Record Number (PAN) is an alphanumeric identifier given by the Indian Department of Income Tax.
• Aadhar Card - Aadhar number is a 12 digit number given by UIDAI
• Passport- size photograph of sole proprietor
• Registered Office Address Proof – A registered office address is required by an owner to be listed for GST recognition.
• Bank details - A copy of the canceled cheque or first page of the passbook.

Why you should get GST registration for a sole proprietorship?

A Sole Proprietorship can register for GST if they exceed the limit of business turnover. If you think your business is growing, get GST registration immediately so that your business will not face further problems. It is not mandatory but beneficial for any business. In case the supplier is providing any type of taxable supplies, you should obtain the registration.

How We Can Help You?

GST registration for a sole proprietor is exceptionally useful in various ways. It assists the finance managers with consistency in completion and can likewise help them to get finance for their business basics in the form of credit from the bank. You can contact us to get it done without any delay.

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