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Many people want to start a business but due to several legal restrictions and licenses, they feel lazy to do so. If you want to do something and looking for a way that can give a good result in making a profit, then why not take the help of a consultant who can do all necessary registrations on behalf of you. This not only saves your valuable time but also hard-earned money that can be used at various places for the growth of the business. Registration of any business entity under the GST law means obtaining a unique number from the concerned tax authorities to collect tax on behalf of the government and avail input tax credit for taxes on its inward supplies.

What is voluntary registration under GST?

Voluntary registration provides an option to a person to take GST registration even if he/she is not legally responsible for GST registration under section 22 or 24 of CGST Act, 2017 or SGST/UTGST Act, 2017. Section 24 provides an assured situation in which it is necessary to take GST registration irrespective of the person's turnover.

Benefits of obtaining GST registration

• Easily issue taxable receipts
• Made inter-state sales without restrictions
• Claim the fuel tax credit

Documents Required for GST Registration - LLP

The GST registration process is completely online and there is no need to submit an actual report to the GST department. To complete the steps for obtaining GST enrollment, sort the required documents to obtain GST registration, the LLP has to submit an application in Form GST REG-01 at the GST portal along with the details and documents.

Documents to be submitted by LLP in GST registration 

A: LLP Documents

1. A copy of the Certificate of Incorporation of LLP

2. PAN which is registered for LLP

3. Consent by the directors for obtaining the registration

4. Confirmation/Authorization to the Authorized Signatory

5. Details of registered bank account like scanned copy of the cheque (canceled) which contains the name of the business, bank account number, IFSC, MICR, and branch details.

B: Assigned Partners

1. Photograph of Nominee or designated Directors and Authorized Signatory

2. DSC of the Authorized Signatory

C. Address proof for registration

A recognizable address must be given to enlisting GST. This is the most basic thing which will be carefully acknowledged. The place of GST registration is not necessary to be the address of the registered office of the LLP.

1. Proof of Address required for GST Registration

When the documents required to be submitted may change

i) Address claimed by the applicant LLP

Any document in favor of responsibility for premises such as a recent property tax receipt or a copy of the electricity bill.

ii) If there are people on the premises - Partners / Other Persons:

Anything in favor of responsibility for the premises such as recent property tax receipt. A letter of acceptance from the owner of the premises.

iii) For rent or lease premises

Copy of rent/lease agreement on stamp paper for LLP and the reason for the rent must be commercial use. Any report in favor of responsibility for the lessee's premises such as the latest property tax receipt.

iv) If the address is claimed on any other company/LLP

Documents in favor of responsibility for premises and consent by Board Resolution / LLP by the company to approve the use of the address as the listed office of the organization.

v) If the premises are from virtual / co-working space

Any document for the lessee's premises and valid Rental/Lease Agreement by the owner of the premises with the Virtual/Shared Office Service Provider with explicit force to sublease the business reasons.

vi) If the location is located in SEZ

If the main business environment is located in the SEZ, important reports/announcements given by the Government of India need to be presented or uploaded.

Other Important Terms Of The Documentation:

• The lease agreement should be for LLP for business reasons.
• Tenant agreement will not be accepted as location verification for the sake of associates/assigned associates.
• If rent/rental arrangement is not accessible, an affidavit to that effect, along with a document in favor of the owner of the premises.
• Collaborative location hour rate/week usage will not be accepted for GST registration.

If the Proprietorship records the location (Municipal Account copy or Electricity Bill, additionally Aadhar Card/Driving License/Passport/Voter ID in the name of the owner along with the complete location of the premises should be given.

How we can help you?

We at Tax Advisory provide you with all the necessary information and our team will make it easy for you to get it done. Also, we will help you to know whether you need any such license or not. Click here to contact us now!!!

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