GST Registration is a process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN). If one wants to get GST Registration for bike dealers, they need to keep in mind the important information mentioned below.
GST Registration Documents Requirement for PVT LTD. Working in Bike Selling Business
- Pan Card of Company and all Directors
- Aadhaar/passport all Directors
- Canceled Cheque of firm or passbook first page
- Photo of all Directors.
- Name of the business
- Nature of business
- Product details
- Shop rent agreement
- Building tax receipt
- Electricity bill
- DIN number of all Directors
- Certificate of incorporation
- Board Resolution
- Mobile no and Email id office and all the directors
- Digital Signature Certificate
Which Bike Dealers are eligible to get GST Registration?
- Bike Dealers who were registered under previous taxes to be subsumed under GST
- Bike Dealers who have an All-India Gross Turnover over a certain threshold
- Bike Dealers making interstate supplies
- Casual and non-resident suppliers of Bikes or their auto parts
- Voluntary Businesses can also get GST Registration.
You can know about Voluntary GST at: GST registration on voluntary basis
Is a PAN (Permanent Account Number) Necessary for Bike Dealers to Register for GST?
Yes. If you want to register for GST, you’ll need a Permanent Account Number (PAN) from the Income Tax Department. PANs are given in accordance with the Income Tax Act. However, a non-resident taxable person does not need a PAN and can instead register based on any other document prescribed.
Whether a Bike Dealer Having Multiple Business Verticals in a State needs different GST Registrations?
If more than one of your establishments are located inside the same state and operate in this single specified state, then no separate GST registration is required. If you are operating two separate businesses under the same PAN in different states, you need to register for GST separately.
What are the compliances after getting GST Registration for Bike Dealers?
All bike dealers having GST Registration need to file monthly, quarterly, and annual GST Returns.
What if my GST Registration Application is rejected?
Applicants who have their GST requests denied will be given notice of the grounds for the denial. An applicant may file an appeal against the Authority’s recommended decision. Any rejection of the application by one tax authority must be treated as a rejection of the application by the other tax authority pursuant to GST regulations. It’s best here to consult our GST Experts so that your GST application’s issue can be solved and you get the GST without wasting time, energy and money.
Is GST Return Filing mandatory after getting GST Registration for Bike Dealers?
Yes, GST Return Filing is mandatory for Bike Dealers once they have got the GST. Otherwise, they will have to face severe punishments, hefty penalties or their GST might get canceled.
These are the above basics you need to keep in mind for getting GST Registration for bike dealers. For any inquiries, you can consult our GST Experts at: 8881-069-069.
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