Partnership GST Registratio1

1. Partnership GST Registration: 8 Documents and Procedure When a partnership firm’s revenue exceeds the specified threshold of INR 20 to 40 lakhs, GST registration must be mandatorily done. Certain documents are required for Partnership GST registrationlike bank statements or cheques, partners’ KYC, the partnership firm’s PAN card, and other documents are needed for the GST registration process. A GST registration process takes about three to four days. Partnership GST Registration: Turnover Limit The individuals of the Partnership Firm who are eligible to get GST Registration done are listed in Sections 22 to 25. If the aggregate turnover of the financial year of taxable supply of goods exceeds Rs. 40 Lac (Turnover > 40 Lakhs) or the aggregate turnover in a financial year of taxable supply of services that exceeds Rs. 20 Lakhs (Turnover > 20 Lakhs), then every person who is involved in the supply will be required to be registered under the GST. 10 Lakhs if the individual resides in the Northeast region (Manipur, Arunachal Pradesh, Nagaland, Meghalaya, Assam, Tripura & Mizoram, Sikkim, Jammu & Kashmir, Himachal Pradesh & Uttarakhand) comes under special category (Transaction > 10 Lakhs). Essential documents for GST Registration in Partnership Firm

2. Documents must be in soft copy for a partnership firm to register for GST. For GST Registration, the company must submit to the GSTN common site. 1.PAN Card of the Partnership Firm. 2.Deed of the Partnership Firm. 3.PAN Card for Every Partner applying. 4.Proof of Address for All Partners which is Aadhar Card, Voter ID, License, Passport. 5.An authority letter on the company’s letterhead must be given. 6.Firm Address Verification like Index II, Light Bill, Corporation tax receipt, Rent Agreement. 7.Refundable cheque or bank statement of the applicant. 8.HSN Code (Harmonized System of Nomenclature) or SAC (Service Accounting Codes). GST Registration Procedure for Partnership Firm  Whether it is OPC or any other business incorporation it is quite similar steps that is applied to the GST registration for partnership firm. 1.Open the GST website 2.Enter the Partnership Firm’s information. 3.Submit papers related to a firm partnership. 4.Fill up the Partner information. 5.Attach the Authority Letter. 6.Fill up the SAC and HSN information. 7.Upload all the required Bank Information. 8.Send in with DSC/EVC Code. GST Registration Fees for Sole Proprietors, Individuals, Companies, and Partnerships

3. There are no GST fees levied by the Indian government. The cost of GST registration in India is NIL which is Rs 0. This implies there are no expenses associated with registering on the official government portal as a GST taxpayer. To submit for GST Registration, one should however, possess a valid Digital Signature if you are, the owner of an OPC, a partner in an LLP, or the proprietor or director of a private limited company. Therefore, if you don’t already have a DSC, prepare to pay for it.