GST Registration Documents Required 2024 | Documents Required for GST Registration

Summary

In this video, the speaker explains the necessary documents and steps for GST registration in India for 2024. It highlights the importance of basic KYC documents such as PAN and Aadhar cards, as well as professional tax registration for certain states. The video also covers the proof of business address requirements, whether the property is rented or owned, and the necessary documents for different legal entities like partnership firms, LLPs, and companies. Additionally, the speaker emphasizes the need to avoid common pitfalls and ensure all documents are correctly submitted to avoid delays or clarification notices from the GST department.

Takeaways

• 😀 GST registration in 2024 is more complicated, with new document requirements and changes in the process.
• 😀 Before applying for GST, it's important to be aware of the required documents to avoid receiving clarification notices from the department.
• 😀 KYC documents required for GST include PAN cards for all directors, partners, and applicants, as well as Aadhaar cards linked to mobile numbers for OTP verification.
• 😀 Professional Tax (PT) registration is mandatory in many states (21 states and 1 union territory) before applying for GST.
• 😀 If your place of business is a rented property, you must provide a recent electricity bill and a notarized rent agreement with two witnesses.
• 😀 If the place of business is owned, provide proof like electricity bills, property tax receipts, or municipal records. Ownership documents like the sale deed can also be submitted.
• 😀 If the property is registered under a parent’s name, an additional No Objection Certificate (NOC) from the property owner is required.
• 😀 In case of partnerships and companies, an authorization letter must be provided to designate the person authorized to handle GST-related activities.
• 😀 Companies and LLPs must submit their own PAN card, authorization letter, and the personal PAN and Aadhaar of all directors/partners for GST registration.
• 😀 Common errors that can delay the GST process include not providing proper proof of place of business or missing details in the rental agreements.

Q & A

What are the basic KYC documents required for GST registration in 2024?

The basic KYC documents required for GST registration in 2024 include the PAN card of the individual, directors, or partners, and the Aadhaar card. It is important that the Aadhaar card is linked to a mobile number for OTP verification during the application process.

Why is it important for the Aadhaar card to be linked to a mobile number?

In 2024, it is crucial for the Aadhaar card to be linked to a mobile number because the OTP required for verifying the Aadhaar during GST registration will be sent to the linked mobile number. This is a key part of the validation process.

What is professional tax (PT) and when is it required for GST registration?

Professional tax (PT) is a state-level tax applicable in certain Indian states. For GST registration, PT registration is required in states like Maharashtra, West Bengal, Andhra Pradesh, and others before filing for GST. In some cases, PT must be obtained before applying for GST.

What types of documents are needed to prove the place of business?

Documents needed to prove the place of business include a copy of the latest electricity bill or property tax receipt. If the property is rented, a notarized rent agreement is also required. For family-owned properties, an NOC (No Objection Certificate) from the owner is needed.

How does the place of business document change if the property is owned by the applicant?

If the place of business is owned by the applicant, the documents required include the latest electricity bill, property tax receipt, or municipal records. Additionally, ownership documents like the sale deed may also be submitted.

What if the property is owned by someone else, such as the applicant’s parents?

If the property is owned by someone else, such as the applicant's parents, an electricity bill copy is still needed along with a No Objection Certificate (NOC) from the property owner, confirming there is no objection to using the property for business purposes.

Are there any specific requirements for rented properties when applying for GST registration?

Yes, for rented properties, a recent electricity bill copy and a notarized rent agreement are required. The rent agreement must be on a proper stamp paper with two witnesses. It should also include the landlord’s PAN and Aadhaar details if possible.

What documents are required for GST registration in case of a partnership or company?

For partnerships or companies, in addition to the basic KYC documents, the PAN card of the partnership or company is required. An authorization letter from the partners or directors allowing a designated individual to file and sign GST-related documents is also necessary.

What is an authorization letter in the context of GST registration, and who needs it?

An authorization letter is a document in which partners or directors of a company authorize a specific person to file and sign GST-related documents on behalf of the company. This is needed for partnerships, companies, and LLPs where multiple partners or directors are involved.

What common issues do people face when applying for GST registration, and how can they avoid them?

Common issues include incomplete or incorrect documents for the place of business. To avoid delays, it is important to ensure that all required documents, such as rent agreements, electricity bills, and NOCs, are correct and properly submitted. Departments often send clarification notices if these documents are not properly provided.