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GST registration in Bangalore is compulsory for businesses having an aggregate turnover of more than Rs. 40 lakhs and Rs. 20 lakhs for hilly and north-eastern states. In this article, you will find all about the procedure to register GST in Bangalore.
Table of Contents
GST registration in Bangalore is necessary for businesses dealing within or outside the state or even outside the country. GST is the only indirect tax applicable in the country from July 1, 2017.
A business carrying out a supply of taxable goods or services in Bangalore, making a turnover that exceeds Rs. 40 lakhs and Rs. 20 lakhs for special cases are required to have GST registration.
The process of GST registration is simple and easy and is available both online & offline.
Here is a list of documents required for different types of companies or firms.
Type of company or firm
Documents required
Sole proprietorship firm
· ID proof of the proprietor
· Address proof of the proprietor
· Address proof of the office
· Bank account details
· DSC
Partnership or LLP
· PAN details of the business or applicant
· Aadhar card of all the directors
· MoA , AoA & Incorporation Certificate
· Partnership Deed or LLP certificate
Private limited company
The following are the benefits or advantages of GST registration in Bangalore:
There are two types of GST registration:
One can register GST through an online government portal or by visiting at nearest GST Seva Kendra.
The steps for GST registration in Bangalore are:
A company that has not registered under GST is not paying taxes is liable to pay 10% of the due amount minimum of Rs. 10,000 as penalty.
A penalty of 100% of the tax amount is levied upon deliberately evading payment of taxes.
GSTIN is a unique number that is obtained by businesses carrying out the supply of taxable goods & services. It is important to have a GSTIN to become GST compliant and file GST returns.
The process of GST registration is available both online and offline, and it is a very simple process.
Read our article:How to Apply For GST Registration in Mumbai
Completed BA LLB from JEMTEC, School of Law, Greater Noida (Affiliated to GGSIP University, New Delhi). I have an experience of about 2 years in various fields of corporate laws, but I have a keen interest in researching on legal issues and to gain knowledge. I always strive to bring the best to work on what I do.
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