A private firm is one that is held by a non-governmental organization or by a limited number of shareholders or members. Typically, a private firm does not issue or sell its shares to the general public on stock exchanges, but rather owns and trades its own private stock.

  • Company Limited by Shares
  • Company Limited by Guarantee
  • Unlimited Companies 

The Companies Act- The Businesses Act of 2013 provides for the creation of numerous kinds of companies with varying degrees of responsibility for shareholders and members. In addition to selecting between the organisations (LLP, Private Limited Company, and One Individual Company), promoters may also choose between the three types of Private Limited Companies based on the company’s needs.

Documents Required For GST Registration of Private Limited Company

Here Are The  Documents Required For GST Registration of Private Limited Company

Regular taxpayers and casual taxpayers must submit the deposit tax well in advance of the GST registration deadline. The amount required to pay the tax must be equal to the expected tax liable during the validity period of the GST registration. So, after applying for GST registration, a temporary registration number and the GST deposit will be generated. Following payment of the GST deposit, the taxpayer is electronically credited and the GST registration certificate is issued. The temporary GST registration is only valid for 90 days after it is registered.

  • PAN Card of Company.
  • PAN Card of Directors.
  • Aadhar Card of Directors.
  • Colour Photo of Directors.
  • Business Address Proof (Electricity bill / Rent Agreement, etc.).
  • Current Bank Account Statement / Cancelled Cheque.
  • Certificate of Incorporation.
  • Mail ID & Mobile Number.
  • Business Name.

GST Registration Eligibility Criteria -turnover Criteria

In most states, entities involved in the supply of goods or services with an annual aggregate turnover of more than Rs.20 lakhs are required to register for GST. The aggregate turnover criteria in special category states have been reduced to Rs.10 lakhs.

Aside from the turnover criteria, there are a number of other conditions that may necessitate GST registration. Use the above tool to determine whether your company is required to register for Goods and Services Tax in India.

Inter-State Supply

Registration under the Goods and Services Tax is required for all entities engaged in the interstate supply of goods and/or services, regardless of aggregate annual turnover. For example, if a company in Maharashtra sells goods to a company in Tamil Nadu, the company must register for GST.

Existing Taxpayers

All entities that are registered for service tax, VAT, or central excise must be registered for GST. Existing taxpayers have been issued a Provisional ID and password by the respective tax departments in order to complete GST migration formalities and generate GSTIN.

E-Commerce Sellers

Regardless of aggregate annual turnover, entities involved in the supply of goods or services through e-commerce platforms are required to register for GST.