Documents Required

• PAN of the Applicant(Proprietor)
• Aadhaar Card
• Proof of business registration or Incorporation certificate
• Identity and Address proof of Promoters/Director with Photographs
• Address proof of the place of business
• Bank Account statement/Cancelled cheque
• Letter of Authorization/Board Resolution for Authorized Signatory
• Rent Agreement in case the PPOB(Principal Place of Business) is rented

Benefits

• Simplifies taxation services
• Reduction in costs of products & services
• Helps avoid lengthy taxation services
• Aimed at reducing corruption and sales without receipts
• Uniformity in the taxation process
• Composition scheme for small businesses

GST Return Filing

Any person working a business entity is responsible for being enrolled with the GST system and GST filing. The key criteria for which enlisted business personnel is required to carry out GST filing:

• Monthly GST returns
• Yearly GST returns
• GST filing for input/purchase
• GST filing for output/supply

Late fee/Penalty to file GST

In case the citizen fails to file the GST returns within the indicated date given by the GST department, at that point the citizen has to pay a late fee along with interest @18%. The late fee will be Rs.20 per day if it is NIL return or else Rs 50 will be levied if you fail to furnish the return within the indicated date. Hence, it will come around Rs.25 under the CGST and again Rs.25 under the SGST. The sum to be paid will be Rs.50 per day. The maximum late fee can be Rs.5000. The IGST does not charge any late fees.