GST Registration in Chennai

Last Updated at: Jul 06, 2021
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gst registration in Chennai

The Goods and Service Tax (GST) is a multi-stage tax charged at every point of sale. It has replaced many indirect taxes such as the service tax, value-added tax (VAT), central sales tax, excise duty, additional customs duty, and so on. Since its inception in 2017, it has been able to eliminate the tax on tax or cascading effect of the tax.

In this blog, we will discuss the GST registration documents required for GST registration in Chennai. We will also discuss other important points you should know if you want to do GST registration in Chennai.

Here we go!

What Are the GST Registration Documents Required for GST Registration in Chennai?

One should submit the following documents while applying for GST registration in Chennai:

  • PAN card of the applicant
  • Proof of business address (electricity bill, rent/lease agreement, and so on). Also, a NOC from the owner is mandatory if your business address is on rented premises.
  •  Proof of business constitution (the registration certificate, partnership deed, Memorandum of Association (MOA), certificate of incorporation, Articles of Association (AOA), and so on)
  •  Identity and address proof for each of the promoters/directors, along with photographs
  • Bank details (bank statement, the first page of bank passbook, a cancelled cheque of the bank account bearing the name of the account holder)
  • Authorization details (anyone from letter of authorization, copy of the resolution passed by the managing committee/board of directors to specify the authorized signatory)

get GST registration

 Who Should Register for GST in Chennai?

The following entities should mandatorily register for GST by submitting the GST registration documents required in Chennai:

  • Inter-state suppliers of goods & services
  • Individuals/businesses registered under tax services of the pre-GST regime (VAT, Excise, Service Tax, etc.)
  • Persons needed to deduct TDS and TCS under GST
  • Non-resident taxable persons
  • A person/business that supplies online information, database access and/or retrieval services from outside the country to a person/business in India
  • Casual taxable persons
  • Input service distributors
  • All e-commerce aggregators  that facilitate supply through their platform
  • A person/business that supplies items through an e-commerce aggregator
  • Persons selling on behalf of someone else, either as a principal or as an agent
  • Any other person/business as notified by the Central/State Govt.

What Is the Threshold Limit for GST Registration in Chennai?

At the time of inception, an annual turnover of Rs 20 lakhs was kept as the threshold limit for taxpayers to do mandatory GST registration. However, in the 32nd GST Council Meeting held in January 2019, states were given options to either opt for new limits or to continue with the existing ones. Tamil Nadu opted to raise this limit to Rs 40 lakhs for the sale of goods with effect from 1 April 2019 onwards. However, no changes were made to the threshold limits for service providers in the state of Tamil Nadu.

What Is the GST State Code Used in Chennai?

Every state in India assigns a two-digit number as the GST state code. This code helps to ascertain where a taxpayer or business entity is from. The first 2 digits of a GSTIN signify the GST state code. The GST state code needs to be present in all GST invoices for businesses operating in Chennai or in the state of Tamil Nadu, for that matter.

The GST state code for Tamil Nadu is 33, as per the GST state code list. For example, in the GSTIN 33BBFMP0652C5Z7, the first 2 digits (33) specify the GST state code for the state of Tamil Nadu. The GST state code specifies that the business is located in Tamil Nadu. No business is allowed to operate in Tamil Nadu without the GST state code.

The GST state code for Tamil Nadu can obtain from the GSTIN of the buyer. It mentions in the ‘Place of Supply’ section of a GST invoice. The GST state code helps the government to ascertain whether to charge SGST, IGST, or CGST on a business entity or taxpayer. If the state code for both the supplier and the buyer is different, IGST will be charged. If these two GST codes are the same, both the CGST and SGST will be levied.

Hope the above-mentioned details help you with your GST registration in Chennai. GST registration provides manifold benefits to businesses. It helps a business to legally recognize. It also allows the suppliers to find out whether they transact with business registration and whether the details by the business are correct or not.