IT company will have all the software and hardware part where many IT professionals work together for clients and since this will a company and every company must pay tax for the government but it may include many unwanted taxes and to avoid these unnecessary tax payment and make them single payment they have to be registered under GST which provide them a simple tax payment system.

For every goods and product, everyone has to pay the tax and the main fundamental one is the goods and services tax (GST), this is the process of collecting the tax on behalf of the government. GST was established as one nation – one tax by the government. GST registration will provide as the main fundamental branch for every variety of the tax line such as Central Excise, service tax, and luxury tax, etc…Only after registering under GST anyone can claim for the credit of the tax paid.

GST reduces the number of indirect taxes which has to be paid. For registered retailers, there will be no hidden tax to be paid other than the GST. It is levied on every goods and service sold for domestic consumptions. Even though GST is paid by the consumers it is given to the government by the business of selling goods and services.

GST Registration for Information technology (IT) Company

GST reduces the complications in the tax payment and the tax administrators also make a unique tax payment system for every business domain in our nation. Since GST is a unique tax system competition among the states for the tax and revenue will be reduced at a high rate. GST mainly aims to make a simplified and single tax system. The establishment of the GST increases the efficiency of the business and reduces every unnecessary tax.

GST not only simplifying the tax system but also increases the revenue and reduces the tax outflow from the competing stream of the consumers and the exporters. GST increases the growth of our nation and replaces every indirect tax on goods and services which is provided by the state and the central. Given below the information of the Documents and Procedures

DOCUMENT AND PROCEDURES

  • GST Registration Documents for Private Limited Company
  • Pancard of Company and all Directors
  • Aadhaar/passport all Directors
  • Canceled Cheque of firm or passbook first page
  • Photo of all Directors.
  • Name of the business
  • Nature of business
  • Product deals with
  • Shop rent agreement
  • Building tax receipt
  • Electricity bill
  • DIN number of all Directors
  • Certificate of incorporation
  • Board Resolution
  • Mobile no and Email id office and all the directors
  • Digital Signature

GST Registration Documents for Partnership Firm

  • Pancard of Firm and all partners
  • Aadhaar/passport all partners
  • Canceled Cheque of firm or passbook first page
  • Photo of all partners
  • Name of the business
  • Nature of business
  • Product deals with
  • Shop rent agreement/Ownership Certificate/ Consent Letter
  • Building tax receipt
  • Electricity bill
  • DIN number of all partners if LLP
  • Partnership deed/LLP deed
  • Letter of Authorization
  • Mobile no and Email id of the firm and all the Partners

GST Registration Documents for Sole Proprietorship (Single Owner)

  • Pan card of Proprietor.
  • Aadhaar/passport
  • Canceled Cheque of Proprietor/firm cheque or passbook first page
  • Photo of Proprietor
  • Name of the business
  • Nature of business
  • Product deals with
  • Shop rent agreement/ Ownership Certificate/ Consent Letter
  • Building tax receipt
  • Electricity bill
  • Mobile no and Email id of Proprietor.

Author Bio

Qualification: Other
Company: EDU-VISOR
Location: Karol bagh, Delhi, India
Member Since: 30 May 2022 | Total Posts: 3
This is Edu-visor and we as a business portal provide a decent platform for you all, making it easy to get every update about Income tax news and notification, DGFT, GST, CA, CMA, or CS updates or any other financial help needed. Also can be your help in professional services like applying GST, Inco View Full Profile

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