GST Registration for Share Traders

Share trading is not included in the GST Registration either as goods or as services. Share Traders need not obtain GST Registration. They are required to get GST Registration only if they do other taxable activities like offering portfolio management services or providing advisory services. This page will give you full information about the GST Registration.

To get any information regarding GST Registration contact Professional utilities quickly.

There are many documents that need to be provided by the Share Traders -

• Identity and address proof - Under this Address and Identity documents like Aadhar Card, PAN Card, Driver's License, Voter ID Card, Passport.
• Bank account details - Bank Passbook, Bank Statement, Cancelled Cheque
• Business registration - Share Traders is acting as company or partnership firm include documents Like articles of association, certificate of incorporation, partnership deed, memorandum of association,
• Share trading details - Transaction volume, types of shares traded in, Turnover
• Proof of business address - Property ownership, rental agreement, Property ownership, utility bills, lease agreement
• Digital Signature Certificate - This digital signature was created by certified certifying authorities with permission.

It is mandatory to get the GST Registration for the share traders if they exceed the limit and engage in trading activities.

To get the GST Registration without any hassle with Professional Utilities Rs. 1499/-.

Note: The aformentioned Fees is exclusive of GST.

Following the simple procedure a Share Traders can register for GST as listed below -

• Click on login after clicking on GST.GOV.IN's website.
• Enter your name, mobile number, and email address in Form REG GST 01.
• OPT is generated to verify email and mobile numbers. Then a TRN number is issued.
• Then, In GST REG 01 PART B, the goods and services, partners/promoters, authorised signatories, business details, and place of business are Filled. After that, ARN No is generated.
• The registration form and required documents as per type are verified by the officer. The officer checks whether to accept or reject the form.
• If he accepts the form, In GST REG 06 will provide a GSTIN and a GST Certificate.

Introduction of the GST Taxation Regime as improve the Indirect tax system

With the implementation of the GST Registration cascading tax effect on goods and services is eliminated. Tax burden on taxpayers has reduced by reducing tax on tax. As a result, the cost of the products was reduced.

GST has increased the pace due to usage of the technology ranging from registration to return filing and refund everything is done online.

GST Registration is not required by the share trader for the trading of the shares. As shares are excluded from the definition of the goods as well as services. Even though there are many benefits of registration under GST like transparency increase, cost of the product decrease, income of the government increase and many others.