GST registration in Thiruvananthapuram
In India, the Goods and Services Tax (GST) has resulted in significant tax reforms. It has had the potential to remove the tax on tax’, or the diminishing impact of taxes, since its introduction in 2017. When an item moves through its retail network, GST is collected at each location. This article will go through who should handle GST registration in Thiruvananthapuram, as well as the documentation required.
What Is the Threshold Limit for GST Registration in Thiruvananthapuram?
The minimum limit for taxpayers to register for GST was initially fixed at Rs 20 lakhs in yearly revenue. However, states were given the option of adopting further limits or sticking with the current ones during the 32nd GST Council Meeting in January 2019.
Who Should Register for GST in Thiruvananthapuram?
Individuals/businesses registered under tax services of the pre-GST regime (VAT, Excise, Service Tax, etc.)
⦁ Persons needed to deduct TDS and TCS under GST
⦁ Inter-state suppliers of goods & services
⦁ A person/business that supplies online information, database access, and/or retrieval services from outside the country to a person/business in India
⦁ Non-Resident taxable persons
⦁ All e-commerce aggregators who facilitate supply through their platform
⦁ A person/business that supplies items through an e-commerce aggregator
⦁ Persons selling on behalf of someone else, either as the principal or as an agent
⦁ Input service distributors
⦁ Any other person/business as notified by the Central/State Govt
⦁ Casual taxable persons
What Are the Documents Required for GST Registration in Thiruvananthapuram?
⦁ PAN card of the applicant
⦁ Proof of business address (anyone from electricity bill, owner NOC, rent/lease agreement, and so on)
⦁ Identity and address proof for each of the promoters/directors, along with photographs
⦁ Bank details (bank statement, the first page of bank passbook, a canceled cheque of the bank account bearing the name of the account holder)
⦁ Authorization details (anyone from letter of authorization, copy of the resolution passed by the managing committee/BoD specifying the authorized signatory)
⦁ Proof of business constitution (partnership deed, registration certificate, Memorandum of Association (MOA), certificate of incorporation, Articles of Association (AOA), and so on)
How to Keep track of Your GST Registration After Applying Online?
After completing your GST registration online, you may monitor the progress of your registration from anywhere. Here’s how to verify the status of your GST registration:
- After submitting the online application, a notification verifying successful submission will appear on the screen.
- An Application Reference Number (ARN) will be provided to your registered email address and mobile phone number.
- You can use this ARN to verify the GST registration status on the GST portal.
- After submitting essential paperwork, you will obtain your permanent GST number within 7 days.
- This number (also known as the GSTIN or GST Identification Number) must appear on all invoices you file or receive.
What Is the GST State Code Used in Thiruvananthapuram?
The GST state code in India assigns a two-digit number to each state. This code assists in determining a business entity’s or taxpayer’s location. The GST state code is represented by the first two digits of a GSTIN. In addition, every GST invoice for firms operating in Thiruvananthapuram or Kerala must contain the GST state code.
Thiruvananthapuram’s GST state code is 32, according to the list of GST state codes. The GST state code for Kerala is represented by the first two numbers (32) of the GSTIN 32AGBCU4578R1DW. The firm’s location is listed as Thiruvananthapuram in the GST state code. No company may function in Thiruvananthapuram without a state GST code.
Thiruvananthapuram’s GST state code may be found in the purchaser’s GSTIN, which is included in the ‘Place of Supply’ section of a GST invoice. The GST state code aids the government in determining whether or not to levy IGST, SGST, or CGST on a taxpayer or a business element. IGST will be levied if the state code for the buyer and the provider is different. Both the SGST and the CGST will be levied if these two codes are substantially close.
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