In the GST scenario, if a business is having a turnover which exceeds Rs.20 Lacs, are required to register as a normal taxable person. The process is called GST registration. For some business GST is mandatory. It is an offence under GST if the organisation carries the business without registering under GST. Heavy penalties are imposed in cases of failure.
Documents Required for GST Registration are PAN of the Applicant, Aadhaar card, Proof of business registration or Incorporation certificate, Identity and Address proof of Promoters/Director with Photographs, Address proof of the place of business, Bank Account statement/Cancelled cheque, Digital Signature, Letter of Authorization/Board Resolution for Authorized Signatory
1) He/She will be legally recognized as supplier of goods or services.
2) there is proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business.
3) The person becomes legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.