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GST stands for Goods and Service Tax. It is an indirect tax imposed in India on the supply of goods and services. Double taxation system has been removed and single taxation system was introduced with the introduction of GST. GST is simply tax on the final goods, products and services.
Here is the list of documents required for GST registration of Proprietorship, Partnership, Hindu Undivided Family, Limited Liability Partnership, Public Limited Company/Private Limited Company/Unlimited Company, Society/Club/Trust/AOP/BOI and Government Department/Local Authority/Statutory Body.
The step-by-step procedure that individuals must follow to complete GST Registration is mentioned below:
The dealers or tax payer who want to avail Input Tax Credit, then they have go through Regular scheme of GST Registration. The following tax payer is compulsorily liable to get GST Registration under Regular Scheme:
The Tax payers who are not included within the compulsory List of Regular scheme of GST, they can be registered under Composition Scheme of GST Registration.
According to the section 122 of CGST Act, any taxable person who fails to register under GST even if he/she is legally bound as per the GST Act has to pay 10,000 INR or amount of tax evaded whichever is higher of penalty: