A supplier in Gujarat who conducts business anywhere in India and whose combined revenue exceeds Rs. 20 lakhs in a fiscal year is required to register independently in order to receive a GSTIN. The implementation of the GST has benefited thousands of small businesses in Gujarat. Since the introduction of GST, Gujarat’s tax difficulties have been significantly simplified. A single tax system known as GST has gradually superseded a number of other tax systems. We shall talk about GST Registration in Gujarat in this article.

What is GST?

GST is referred to as  Goods and Services Tax. It is an indirect tax in India that mostly replaced other indirect taxes including the services tax, VAT, and excise duty. On March 29, 2017, the Parliament adopted the Goods and Service Tax Act, which went into force on July 1 of the same year.

In other words, the providing of products and services is subject to the Products and Services Tax (GST). Every value addition in India is subject to the comprehensive, multi-stage Goods and Services Tax Law, which is determined by the destination. A single domestic indirect tax system known as the GST governs the whole nation.

Advantages of GST Registration in Gujarat

The following are the few advantages of GST Registration in Gujarat:

• The largest benefit of GST is a cost-effective solution that must be applied to businesses in the unorganized sector.
• It lowers logistical expenses and concentrates warehouse resources.
• GST will improve compliance, simplify tax administration, and lessen economic distortions in consumers, businesses, and production.
• GST prevents “cascading” taxes, lowering product costs and fostering more aggressive trading.
• Resources will increase because there will be double the amount of control from the center and the states, and there will be less tax-exempt merchandise.

Who can obtain GST Registration in Gujarat

The following are the people who can obtain GST Registration in Gujarat:

Aggregated turnover

Anyone who operates a service business with a minimum annual revenue of Rs. 20 lakh or a product supply firm with a minimum annual revenue of Rs. 40 lakh is eligible to register for GST. You are not eligible for GST registration if you operate a service business with an annual turnover of fewer than 20 lakhs or if you supply commodities with an annual turnover of fewer than 40 lakhs.

Interstate commerce

GST registration is necessary for anyone conducting business between two or more states. For instance, both parties must be GST registered if person A in Delhi supplies goods to person B in Mumbai.

Online Store Platform

Everyone who engages in or wants to engage in e-commerce must register for GST because it is an internet business. No one is allowed to do e-commerce without first registering. No matter the size of the business, e-commerce registration is necessary.

Occasional taxpayers

A person must register for GST if they are engaged in the temporary supply of goods or services or if they are engaged in such supply but do not have a fixed location.

A GST number is valid for the duration of your operation even though there is no validity period for GST. The GST number is only good for 90 days if the taxpayer is a temporary one, though.

Documents required for GST Registration in Gujarat

The following are the documents needed for GST Registration in Gujarat:

1. Individual/Sole Proprietorship

The following documents are needed for a Sole Proprietorship/individual:

• The owner’s PAN card
• The owner’s Aadhar card
• Photograph of the owner (in JPEG format, with a maximum file size of 100 KB)
• Details of your bank account
• Proof of address*

2. For a Limited Liability Partnership (LLP)

The following documents are needed for forming a partnership or limited liability partnership (LLP):

• Proof of the partners’ identities
• Proof of the partners’ addresses
• a copy of the collaboration agreement
• Photo of the two partners
• Authorized signatories photographed.
• Identification and proof of address of the individual approved by the partners.
• Affidavit of Authorized Signatory’s Appointment

In the event of an LLP, the registration certificate and the LLP’s Board resolution are required.

• Details of your bank account
• Proof of primary working location is required.

3. For the Business–

The following documents are needed for the company:

• Company’s PAN Card
• The company’s certificate of establishment, MOA, and AOA.
• The authorized signatory’s identity and address must be verified.

Note: Even if a foreign company or branch is registered, the authorized signatory must be an Indian.

• All of the Company’s directors must provide proof of their identity and address.
• A photograph of the board of directors and an authorized signature is shown.
• A board resolution appoints an authorized signatory.

• Details of your bank account.
• Proof of the working premise should be addressed.

4. In the HUF

The following documents are required by HUF:

• HUF PAN (Personal Identification Number)
• Identity Karta’s Address Proof, Karta’s Photograph, Karta’s Bank Account Information
• Proof of the working premise should be addressed.

Steps to obtain GST Registration in Gujarat

The following are the steps to obtain GST Registration in Gujarat:

• Visit the Gujarat Commercial Tax Department’s official website^[1].
• Click the services tab and then choose new registration.
• Complete the required fields, then press “Submit.”
• There will be a TRN (Temporary Registration Number) generated.
• For the application form to be completed, log in using the TRN number.
• Send in information on the business’s kind and the promoters, partners, or single proprietors, as applicable.
• Then send in the information for the GST return authorizing person.
• Upload all required paperwork.
• Select “save” and “proceed.”
• The application needs to be digitally signed.
• Select “Submit.”
• After the application has been submitted, an ARN will be produced.
• The certificate of GST registration will be issued after the documents have been verified.

Conclusion 

For all firms that supply taxable products and services in Gujarat, GST Registration in Gujarat is compulsory if their sales reach the threshold limits of Rs. 40 lakhs for goods and Rs. 20 lakhs in NE states or hilly areas. Similarly, the threshold limit for services is Rs. 20 lakhs, and in NE states or hilly states. GST Registration in Gujarat is more than just acquiring a 16-digit number; it also helps the government keep track of businesses and timely collect taxes from all of them. Consult with a professional to get GST Registration in Gujarat. You can also reach Bizadvisors.io for more information.

Read our article:A Complete Guide on GST Registration in Kolkata