Documentation to Earnings

1. Documentation to Earnings: Requirements of GST Registration The Goods and Services (GST) Act came into force on July 1, 2017. This tax is imposed on the provision of goods and services. It is in the form of an indirect tax that has replaced many other indirect taxes such as excise duty, service taxes, VAT, and others. The goods and services tax are India’s sole domestic Indirect tax law. To finalize the registration process, specific criteria requirements of GST Registration must be satisfied. GST in India is a quite comprehensive, destination-based, and multistage tax applied on every value addition. The validity of each GST registration certificate is determined by the sort of taxpayer who acquires it. The certificate is valid for the whole period after its presentation to a regular taxpayer. Documents requirements of GST Registration Certain documents need to be submitted to get GST registration done. Certain submission of documents will vary as per the incorporation of the particular business. Hence below are the mandatory documents for the registration of GST.

2. The following documents must be submitted: •Applicant’s PAN card, •Aadhar card, •Proof of Incorporation or Registration Certificate, •Identity of the promoters, •Address proof of the location where the business will be operated, •Bank account statement, •Applicant’s Digital Signature, •And a letter from the board requesting an authorised signatory. Eligibility for GST Registration •People who are registered under the laws before the GST (such as excise, VAT, service tax, etc.) •Companies whose annual revenue exceeds the barrier of Rs. 40 lakh, Rs. 20 lakh, or Rs. 10 lakhs, depending on the business. •Non-resident taxable person or casual taxable person. •Supplier’s agents and input service distributors who pay taxes using the reverse charge mechanism. •An individual who supplies via an online marketplace. •Every aggregator of e-commerce platform. •Someone who, other than a registered taxable person, provides online information and database access or retrieval services to someone in India from a location outside of India is also eligible for registration. Exemption from GST Registration •Businesses that manufacture reverse chargeable supplies. •Behaviour that is not categorized as offering products or services. These include, among other things, the selling of structures or real estate, funeral services, and employee services.

3. •Businesses that offer non-taxable or non-GST products. Examples include petrol, electricity, natural gas, high-speed diesel, and fuel for aviation turbines. •Businesses that manufacture zero-rated or exempt products. •Businesses that are free from specific or certain requirements. •Farmers