GST registration is necessary for all traders/business persons/entities if their annual sales cross a turnover above a certain threshold. Goods and Services Tax (GST) is an indirect tax that came into effect on July 1, 2017. It is imposed across the country on the supply of goods and services. It has also brought about uniformity in the indirect tax structure by replacing all pre-GST indirect taxes like as VAT, service tax, Excise duty, and so on. Simply defined, GST is based on the principle of "One Nation, One Tax.
Documents required for Partnerships and LLP’s (Limited Liability Partnership) GST Registration
- PAN Cards of partners involved
- Photographs of the partners
- Aadhar Card of authorized signatory
- Bank details
- LLP Agreement
- Partner’s name and address proof
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