How to Get GST Number for Sole Proprietorship Company in India



How to Get GST Number for Sole Proprietorship Company in India

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As per the Central Board of Indirect Taxes (CBIC), the authorised officer shall immediately begin scrutinising and verifying all applications for GST registration, along with the accompanying documents. The officer will ensure that all information provided by the applicant is correct, and that the documents submitted are valid and authentic. He will also review whether the application has been assigned a high risk rating by the system and look into any previous registrations of the same business entity under the same PAN.

The GST registration process Consultant is fairly straightforward. The first step is to fill out the online application on the GST website. The application requires some basic information such as the business name, address, and contact details. Next, select the type of goods and services you provide. You'll also need to provide proof of address, such as an electricity bill. Finally, enter the details of the authorised signatory. The authorised signatory must be a person from among the promoters of the company and should have full access to the GST website.

Although it is not mandatory for a sole proprietorship to be registered under GST Portal, it does have some benefits. One of the main advantages is that it reduces the amount of paperwork required to file returns. In addition, it makes it easier to claim input tax credits. Moreover, some banks may insist on a GST registration number in order to open a bank account. In such cases, it is advisable to register your business under GST.

 

 

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