LLP GST Registration has become the best way to comply with the latest in anti-tax evasion law. There are many reasons why LLP GST Registration is an excellent choice, but these are just a few.
A lot of people mistakenly think that they need to be an LLC in order to register. This isn’t true at all, as it is possible for a company of any type to register as an LLP GST Registration with HMRC.
The LLP doesn’t even need to have shareholders, meaning that it can be a one person company. This makes it incredibly easy for sole traders and freelancers to become registered.
An LLP does not need to have any employees either, which makes it an excellent choice for businesses that are just starting out.
This is because the only way you will allocate shares in an LLP is by profit share. This means that anyone who joins after the LLP has been established will receive a predetermined share of the profits.
What this means is that it is possible for even the most basic of sole traders to reap the benefits of LLP GST Registration.
It’s also worth noting that an LLP does not need to have a limited liability status. The sole trader can keep all of their assets personally, which means that in many cases there will be no assets to cover creditors if things do go wrong.
What is LLP?
A Limited Liability Partnership (LLP) is a business organization that is formed by 2 or more persons to carry on a business in which at least one person limits his liability in respect of the partnership’s debts.
What is GST?
GST (Goods and Services Tax) is an indirect tax, it’s your responsibility to calculate the amount of tax and pay it to the government (in case you’re running a company).
How does LLP GST registration work for all?
LLP stands for limited liability partnership and GST is the tax imposed on businesses. Individuals also pay GST on purchases – this is called consolidated tax.
LLP GST registration is an incredibly easy method that works for all. In order to register with the Government of India as an LLP, you need to first obtain a registration certificate from the Ministry of Corporate Affairs (MCA).
Obtaining the said certificate is a lengthy process and takes anywhere between two to eight months, this is not the case if you use an online service like ours to register your LLP.
Documents Required for LLP GST Registration:
| Purpose |
Required Documents |
| Proof of Constitution of Business |
Copy of Certificate of Incorporation of LLP |
| Photo of Stakeholder (Promoter / Partner) |
Photo of the Partner |
| Photo of the Authorized Signatory |
Photo |
| Proof of Appointment of Authorized Signatory (any one) |
● Letter of Authorisation
● Copy of Resolution passed by partners |
| Proof of Principal Place of business (if self-owned) (any one) |
● Electricity Bill
● Legal ownership document
● Municipal Khata Copy
● Property Tax Receipt |
| Proof of Principal Place of business (If rented) |
● A copy of the rental agreement on a stamp paper in the name of LLP.
Any one of the following –
● Electricity Bill
● Legal ownership document
● Municipal Khata Copy
● Property Tax Receipt |
LLP GST Registration process:
Registering for GST has never been easier! This article will take you through the process of getting your LLP GST registration and help you avoid any confusion. You’ll also find out how to get the most out of your LLP GST registration, as well as what services this should be done on. Read on!
Steps for an LLP GST registration:
It’s not always easy to keep up with all the changes that come with running a business. So, if you want to avoid the hassles of figuring out how to get your company registered for GST then please read our article on LLP
GST registration.
Here are the simple steps that you need to take in order to register yourself:
Step1: Login to official website
https://www.gst.gov.in/.
Step 2: Fill up the form by entering PAN no. Email and mobile number and verify.
Step 3: Upload all the required documents.
Step 4: Then you will get a number. By using that number fill part B. Then you will get your Application Reference Number.
Step 5: Upon successful registration , GST officer will verify all your uploaded documents. And this process will take a max of 7 days.
Step 6: After all the verifications, GST number will be provided to you.
Is GST registration mandatory for LLP?
LLP GST registration is an incredibly easy method that works for all. Firms exceeding a particular yearly turnover threshold, however, must mandatorily register. Initially, the GST Act required LLPs with yearly revenue of more than ₹20 lakhs to register as taxable entities. As of April 1, 2019, the limit for LLPs dealing in goods was raised to ₹40 lakhs. Thus, firms that wish to continue with LLP structures must comply with the new limit.
Summary:
GST is a very complicated matter and sometimes it can be difficult to understand the process. If you are looking for methods that would make the process easier, then our advice is to register with an LLP GST Corpus Firm in India. Your LLP GST Registration with an LLP GST Corpus Firm in India will make the process of registration and payment easy for you, as there are not too many legal restrictions that have been put into place.
LLP GST has a lot of benefits. One of the most important benefits is that you may use any legal services that you need if you use one of these LLP GST Corpus Firms in India. These legal resources are also very cheap and affordable, which means that anyone can afford it.
You may not be thinking about an LLP Taxation Firm but if you think about it, there are more advantages to this than disadvantages. This is not difficult to explain since it is a registered legal practitioner that can be used in all areas of the law.
Registering your LLP IRS Registration with an LLP GST Corpus Firm in India is not a complicated matter and you may register your LLP Taxation with an LLP GST Corpus Firm in India from the comfort of your home using the internet or by phone to save money.
