GST Registration in Chennai
GST registration in Chennai holds significant importance as GST stands as a unified tax across the nation. At Earnlogic, our reputable firm has expanded its reach across several key areas in Chennai like Mylapore, Guindy, Meenambakkam, Anna Nagar, Chromepet, and Shanthi Colony. The implementation of GST eliminates the cascading effect of tax-on-tax and simplifies taxation. The GST registration process is streamlined, now facilitated online with fewer compliance requirements. It's noteworthy that without GST registration, one cannot levy tax on customers or claim input tax credit.
Under GST, the taxes paid on input goods and services must be correctly accounted for, allowing utilization in the payment of due GST. Registered taxpayers are authorized to collect taxes from customers and pass on credit for taxes paid on goods/services to them. This system ensures that all registered businesses operate under a single platform, facilitating compliance and administrative purposes. Each business is allocated a unique GSTIN (Goods and Service Tax Identification Number), making registration a mandatory step.
Documents required for Gst Registration in Chennai
For individuals and sole proprietors
- owner’s PAN card
- Aadhaar card,
- bank account details,
- proof of address and
- Photograph of the owner.
For Companies
- company's PAN card,
- incorporation certificate,
- MOA/AOA,
- bank details,
- address proof of all directors,
- the Aadhaar card
- PAN card of the signatory.
For Partnership and LLP
- the PAN card copies
- address proof of all partners,
- bank details,
- partnership deed,
- LLP proof for the registration process.
Steps involved in GST Registration
- Visit the GST portal and fill in the required details, then proceed.
- Provide and verify two OTPs received via email and phone.
- Receive a 15-digit temporary reference number.
- Check the application status.
- Receive the Application Reference Number (ARN).
- Verify the GST registration status using ARN and await the success message confirming registration.