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GST Services

Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. In simple words, GST is the indirect tax levied on the supply of goods and services. The GST law has replaced many indirect tax laws that previously existed in India.

Components of GST :

There are 3 applicable taxes under GST: CGST, SGST & IGST.

  • CGST: Collected by the Central Government on an intra-state sale (Eg: Within Karnataka)
  • SGST: Collected by the State Government on an intra-state sale (Eg: Within Karnataka)
  • IGST: Collected by the Central Government for inter-state sale (Eg: Karnataka to Tamil Nadu)
Advantages of GST:
  • Removing cascading tax effect
  • Higher threshold for registration
  • Composition scheme for small business
  • Online simpler procedure under GST
  • Lesser compliances
  • Defined treatment for e-commerce
  • Increased efficiency in logistics
  • Regulating the unorganozed sector
Who is liable to get registered under GST? :
  • Every person who is registered under an earlier law (i.e., Excise, VAT, Service Tax etc.) needs to register under GST.
  • When a business which is registered has been transferred to someone/demerged, the transferee shall take registration with effect from the date of transfer.
  • Anyone who drives inter-state supply of goods.
  • A person who occasionally supplies goods and/or services in a territory where GST is applicable but he does not have a fixed place of business. Such a person will be treated as a casual taxable person or as a non-resident taxable person as per GST.
  • Agents of a supplier.
  • Those paying tax under the reverse charge mechanism.
  • Input service distributor i.e an office of the supplier of goods/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of distributing the credit of CGST/SGST/IGST paid on the said services to your branch with same PAN.
  • E-commerce operator or aggregator.
  • Person who supplies via e-commerce aggregator
  • Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
Following documents are required for registration under GST :
  1. Documents required for Private Limited Company (Pvt Ltd)/Public Company (limited company)/One person company (OPC):

    Company documents

    • PAN card of the company
    • Registration Certificate of the company
    • Memorandum of Association (MOA) /Articles of Association (AOA)
    • Copy of Bank Statement
    • Declaration to comply with the provisions
    • Copy of Board resolution

    Director related documents

    • PAN and ID proof of directors

    Registered Office documents

    • Copy of electricity bill/landline bill, water Bill
    • No objection certificate of the owner
    • Rent agreement (in case premises are rented)
  2. Documents required for Limited Liability Partnerships (LLP):

    LLP documents

    • PAN card of the LLP
    • Registration Certificate of the LLP
    • LLP Partnership agreement
    • Copy of Bank Statement of the LLP
    • Declaration to comply with the provisions
    • Copy of Board resolution

    Designated Partner related documents

    • PAN and ID proof of designated partners

    Registered Office documents

    • Copy of electricity bill/landline bill, water Bill
    • No objection certificate of the owner
    • Rent agreement (in case premises are rented)
  3. Documents required for Normal Partnerships:

    Partnership documents

    • PAN card of the Partnership
    • Partnership Deed
    • Copy of Bank Statement
    • Declaration to comply with the provisions

    Partner related documents

    • PAN and ID proof of designated partners

    Registered Office documents

    • Copy of electricity bill/landline bill, water Bill
    • No objection certificate of the owner
    • Rent agreement (in case premises are rented)
  4. Documents required for Sole proprietorship/Individual

    Individual documents

    • PAN card and ID proof of the individual.
    • Copy of Cancelled cheque or bank statement.
    • Declaration to comply with the provisions.

    Registered Office documents

    • Copy of electricity bill/landline bill, water Bill
    • No objection certificate of the owner
    • Rent agreement (in case premises are rented)






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