GST Registration Required for Section 8 Company

Section 8 companies are registered with the purpose of the promotion of commerce, education, arts, and social welfare as non-profit organisations. Unlike any other form of the companies if section 8 companies turnover exceeds 20 Lakhs then they need to get GST Registration. They get many benefits like increase in credibility, claim input tax credit, decrease the cost of the product and many others.

Get GST Registration of Section 8 Company from the professional utilities without any hassle in just 1499/-

Documents required by the Section 8 Companies as mentioned below such as-

• Copy of Pan Card of society/Trust/NGO
• Business Registration Number (BRN) of the Company.
• Date of formation of the company
• Turnover of the Businesses.
• The identification number (INN) of the Business
• Photograph of the promoter or partners
• PAN Card of the promoter or partners

Only with Professional Utilities, the Section 8 Companies get GST Register at 1499/- without any hassle and in an easy manner.

GST Registration applies to the goods and services of the section 8 companies. So with GST Registration section 8 companies get benefit of the gst registration applicable to other companies.

To get the GST Registration Section 8 Companies need to follow the required steps as mentioned below -

STEP 1 - Log in on GST Portal. A mobile number, an email address, and the company or applicant's name are entered in the form. A TRN number is generated after verification.

Step 2 - Complete Part B of Form GST REG 01, where bank details, corporate signatories and several other details are submitted. An ARN number is generated after verification.

Step 3 - The required documents are uploaded in the designated format, including bank statements, Aadhar cards, PAN cards, and other papers.

Step 4 - The tax office will check the document and forms. The tax officer decides whether to approve or reject the application after verifying the document. The applicant will have three to four days to provide justification if the application is rejected by him due to unsatisfactory documentation.

Step 5 - After the application has been approved, in GST REG 06 GST IN and GST Number are issued.

There are many benefit of GST Registration for section 8 Companies as mentioned below -

Solid Reputation - Their credibility increases for various purposes. They can apply for the Bank account, which is looked upon by the big business as a good option for investment.

Input tax credit - They can claim the input by deducting gst they pay on the purchase of the raw material. This reduces the cost of the product.

More opportunities - They get more opportunities for the growth of the business. With GST Registration they can apply to different platforms of the business. Their base of the business increases.

Increase in Export - With GST Registration they get the chance to export the goods outside India. As GST forms the basis of various import or export licences.

Section 8 company does not have to earn profit or distribute among its members. Products and services offered by Section 8 companies are subjected to GST if engaged in economic activity such as commerce and trade. There are many benefits of the GST Registration to the section 8 companies like claim of input tax credit, increase in incredibility, decrease in the cost of the product and many others. They can get GST Registration just by filling the form and updating the documents.