What is GST(Goods And Services tax) ?

What is GST(Goods And Services tax) ?

Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging most of the existing taxes into single system of taxation.

he Rajya Sabha has cleared a  constitutional amendment to bring about a system of Goods and Services Tax (GST) in India. It is perhaps the most important economic reform item on the Narendra Modi government’s agenda. This is one reform which affects all of us.

It also happens to be a complicated reform as most taxation matters usually are. This blog attempts to present an overview on GST and explain why it is expected to make a difference to all of us.More...

Download:-DRAFT-GST-LAW

Documents required for GST

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)