GST Registration in Jharkhand

GST Registration in Jharkhand

GST is a form of indirect tax that is levied on the supply of goods and services. Goods and Service Tax was launched in 2017 to replace other forms of indirect taxes to benefit the common people in India. When you register your business, it ensures that tax compliance is followed. With the tax money, it helps the government to plan and execute necessary schemes for the people.

If the turnover of a business is more than 40 lakhs then GST registration is necessary. However, there are certain exceptions for some Northeastern states. For states like Assam, Arunachal Pradesh, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, Sikkim, Meghalaya, Nagaland or Tripura, the turnover should be above 20 lakhs for GST registration.

When you register your business with GST, the government assigns a unique 15-digit registration number to your business called the Goods and Services Tax Identification Number (GSTIN). The Vakilsearch legal team can help you with the New GST Registration Online process in Jharkhand. Here you will see a quick brief about GST registration in Jharkhand.

Benefits of GST Registration in Jharkhand

Goods and Service Tax reduces the cascading effect of indirect taxes levied on businesses. GST has many benefits which help boost the economy of India. Here’s a list of benefits of GST registration.

• It reduces the indirect tax which in turn reduces the hidden cost of businesses
• It helps to regulate certain unregulated and unorganised industries in India
• Corruption-free tax administration is possible with GST
• The composition scheme is helpful for smaller companies since the GST calculated is based on a fixed turnover
• GST minimises tax evasion
• GST will only be assessed at the time of final consumption and not at numerous locations. This will facilitate the elimination of economic distortions and the growth of a single national market.

How to Do GST Registration

Step 1: Visit the GST portal and select 'New Registration'

Step 2: Fill in the necessary details like name of business, state, pan card details, etc

Step 3: Enter the OTP and click proceed

Step 4: Make a note of the Temporary Reference Number(TRN)

Step 5: Check the GST portal and select “Register” in the “Taxpayers” menu

Step 6: Enter the TRN and proceed

Step 7: Enter the OTP received on your registered mobile number or your email and then proceed

Step 8: You can check the status of your application on the next page

Step 9: Fill in the necessary details and upload the necessary documents

Step 10: Submit your application after verifying by one of the three methods given

Step 11: After completion, you will receive the Application Reference Number(ARN) on your registered mobile number and email id

Step 12: Now you can access the status of the ARN on the GST portal.

Documents Needed for GST Registration in Jharkhand

For GST registration in Jharkhand, you need to provide the following documents. However, the documents differ from business to business. Refer to the below details to know which category you come under.

GST Registration Documents for People and Sole Proprietors

• Copy of owner’s PAN card
• Copy of owner’s Aadhaar card
• Copy of owner’s photograph
• Proof of address
• Bank account details.

GST Registration Documents for Partnerships and LLPs

• Partnership deed
• PAN cards of partners involved
• Photographs of partners involved
• Address proof of partners involved
• Aadhaar card of any authorized signatory
• Signatory’s proof of appointment
• LLP proof of registration
• Bank account details
• Business’ principal address proof.

GST Registration Records for Hindu Undivided Families (HUFs)

• HUF’s PAN card
• Karta’s (patriarch of the family) PAN card
• Owner’s photograph
• Bank detail
• Business’ principal address proof

GST Registration Documents for Companies

• Company PAN card
• The Ministry of Corporate Affairs business certificate
• Memorandum/ Articles of Association
• Signatory’s appointment proof
• Signatory’s PAN card
• Signatory’s Aadhaar card
• PAN card of all directors
• Address proof of all directors
• Bank details
• Business’ principal address proof

GST Registration Documents for Society or Club

• Club or society’s registration certificate.
• PAN card copy of the club or society with that of affiliated associates or promoters.
• Photograph of co-workers or promoters.
• A copy of the bank account record/crossed cheque/passbook’s first page.
• Verification of registered office’s address, that can hold utility bills, certificates of legal ownership/municipal khata copy for premises occupied by the society or club. In the case of rented premises, a rent agreement as well as NOC from the premise’s owner.
• Permission letter approved by approved signatory/signatories.

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