New GST Registration Documents for Partnership

Introduction

GST Registration for partnership business is a crucial process to get relief from several restrictions by paying a single tax. Tracking Partnership business turnover is essential where GST registration plays a crucial role. If a business owner goes for the GST Registration for their Partnership they must have the complete understanding over the GST Registration process and the documents. Because each business structure required to submit different documents as per their business requirement including partnership. So, if you are going for the GST Registration for partnership, you must have the complete understanding over the list of documents. In this blog, you will get the list of documents required for GST Registration for partnership. 

What is Partnership? 

The Partnership Act defines the partnership firm and the term partner. Partnership is a kind of relationship between two or more persons who are the partners of the firm, in which they share the profit in a particular agreed-upon ratio with each other. All the partners in a business are representatives of the firm. 

Process of GST Registration for Partnership?

For going with the GST Registration for partnership, you need to follow these below mentioned steps:

• Step 1:

  Go to the GST official portal - https://www.gst.gov.in/ and click on “New Registration”. 

• Step 2:

  Enter the Basic details of the business such as PAN, Mobile number, email and other required details. 

• Step 3:

  Upload the required document according to the business type. (Documents listed below) 

• Step 4:

  An OTP will be generated for checking authentication to your registered email or mobile number. Fill that OTP and proceed.

• Step 5:

  You will get an ARN (Application Reference Number) by using this number you can check your application status. 

• Step 6:

  After the submission this application goes for the authority review. If they do not find any discrepancies they will issue the certification or GSTIN. Otherwise they will send you a Notice for further requirements. 

Required Documents for GST registration for Partnership

The complete documents list for GST Registration for Partnership firm given below: 

Conclusion 

GST Registration for partnership firms helps businesses to pay a single tax. It is a mandatory requirement by which the government tracks the business activity and turnover. No matter on which platform your business serves it might be offline or online, GST helps to expand your business without any restrictions. It also aids in smooth tax filing with the Government. 

Frequently Asked Questions 

• Can I get GST without a shop? 

Yes, you can get GST without a shop. 

• Who is not eligible for GST Registration? 

GST Registration is exempt for the business with turnover below ₹40 Lakh for goods and ₹20 Lakh for Services. 

• Can I apply for GST on the MCA portal? 

Yes, you can apply for GST while applying for incorporation of the company on the MCA Portal. 

• Is it compulsory to add a bank account? 

No, it is not compulsory to add a bank account as it is optional and non-mandatory.

• Is it compulsory to add a bank account? 

No, it is not compulsory to add a bank account as it is optional and non-mandatory.

• What is GSTIN? 

GSTIN stands for Goods and Services Tax Identification Number which is a 15 digital unique alphanumeric number assigned to the registered business under the GST in India.