GST registration is beneficial for a business as it enables you to pay taxes in India. In order to get comfortable with GST you need to learn about several things like which is the best GST late fees calculator or what are the input tax credit rules. However, before using the benefits of GST you need to complete the GST registration process and this can be a complicated process to understand. There are numerous documents that need to be submitted along with your application for GST registration and these documents can be quite complicated if you don’t know what to include or if you have ever filled up a form before. This guide should help you figure out the documents required for GST registration and get them done by hand quickly!
- PAN Card
The Permanent Account Number (PAN) card is an identification card issued by the Income Tax Department of India to individuals and companies. It is also known as a tax number or taxpayer number in India. The PAN was introduced in 1972
The PAN card number has been assigned to all financial institutions and companies that have to file their income tax returns and pay taxes in India.
It is important for every individual to get his or her own PAN card as it proves financial identity and helps to prevent tax evasion.
This card is issued by the Income Tax department and it contains all your details like name, address, phone number, etc. The PAN number is unique to you and no one else can use this number without your permission.
It also includes a photograph of you which proves your identity. This information is stored in a database so that no other person can access your details without your permission.
- Aadhar card
Aadhar card is definitely one of the most important GST registration documents. The aadhar card is a unique 12-digit identity number issued by the Unique Identification Authority of India (UIDAI) to all Indian residents and citizens. The first letter of your name is A, the second letter is B, the third letter is the number you got in the first character of your address and so on.
The Aadhaar card can be used for various services like opening a bank account, applying for a PAN card, getting phone connections etc. You can also use your Aadhaar number online to access different services like online payment systems etc.
The main benefit of having an Aadhar Card is that it will help you to get all benefits from government schemes without any hassles. For example, if you want to avail of any government scholarship scheme then you just need to submit your information in your application form including your name and date of birth along with other details like school exam marks etc along with the Aadhar card
- Bank account details
A bank account number and bank name are required for GST registration. This is because the government requires a reference number for all payments made by businesses, which can be linked to your bank account. You can provide this information in an application form or through a payment request from your bank. If you don’t have your own bank account, you can apply for a merchant reference number from the banks. The GST registration process requires a bank account to be opened under the name of the business. You can open an account with any bank, but the easiest way is to open an account with your own bank since it is easier to manage. The other option is opening an account with a third-party provider like Paytm and then transferring funds into your bank account when required.
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