A PROJECT REPORT

On

“A Study of GST “

Submitted to Savitribai Phule Pune University in partial fulfillment of the

requirements for the

Degree of

Master of Business Administration (M.B.A)

by

ANKIT KUMAR

Roll No. 20181014

A Study Conducted for the Company:

( CHARTERED ACCOUNTANTS)

“ SHIVSAGAR T. GOYAL & CO.”

At

Akemi Education Society’s

AKEMI BUSINESS SCHOOL OF MANAGEMENT

Pune - 411057

FOR THE ACADEMIC YEAR 2018-2020

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2|Page
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 DECLARATION

I hereby declare that the project report Entitled in the partial fulfillment of course
cirriculam of the degree of master of business administration from AKEMI EDUCATION
SOCIETY’S ‘AKEMI BUSINESS SCHOOL PUNE”

The Work Done by me is My own piece of Work and Authentic to the best of my
knowledge undrer the supervision of SOPAM KAMBLE.

Place: PUNE Ankit Kumar

Date:

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 ACKNOWLEDGEMENT

I am deeply indebted to many people for the successful completion of this project.

I would like to take this opportunity and go on record to thank them for their help and
support.

I am thankful to the Akemi Education Society’s Akemi Business School, Pune for all the
support provided for this project.

I express my deep sense of gratitude and sincere feelings of obligation to my Project

Guide Mr. Sopan Kamble who helped me in overcoming many difficulties and who
imparted me the necessary conceptual knowledge.

I also wish to acknowledge the excellent support of my Company Guide, Mr. AKASH
BANSAL for this work.

I wish to thank all my teachers and friends too, for their helpful inputs, insightful
comments, steadfast love and support.

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 PREFACE

A Project is a scientific and systematic study of real issue on a problem with the
application of management concept and skills.

The study can deal with small or big issues in any division of an organization it can be
case study where a problem has been dealt with, through the process of management.
The essential equipment of a project is that, it should contain scientific collection of
data, analysis and interpretation of data leading to valid conclusion

Summer training is an essential part in MBA Curriculum. It enables the student to share
the real experience in industry. My summer training has placed in “SHIVSAGAR T.
GOYAL &CO.” for the period of 3 months in pune.

I underwent the project under the heading ”A STUDY OF GST in Pune”.

I hope this study can be of some help in analyzing the satisfaction level of customers on
a large scale.

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 CONTENTS
S.NO. DESCRIPTION PAGE NO.

1 Student declaration 4

2 Acknowledgement 5

3 Preface 6

4 Executive summary 8

5 Company profile 9

6 Theoretical background 11

7 Introduction to GST 17

8 Tax structure 19

9 Product profile 23

10 Research methodology (objective) 26

11 GST Registration 28

12 Findings & conclusions 44

13 Reference 48

14 Questionnaire 50

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 Executive Summary

As an aspirant finance student of MBA course have selected new & fresh
taxation revolution in India named “GST“. As a taxpayer of India one should
enter under GST Act with the “Registration”. Hence topic of SIP selected as “ A
Study of GST Registration Process under GST Act 2017”
While learning, the purpose of the “Registration under GST “ is to learn the
procedure of GST registration for different types of taxpayer like individual,
proprietorship, partnership along with the solutions for the obstacles.

Some problems faced during the GST registration like RC cancelled,

validation error, pan details mismatch, pending for verification, ARN not
received, DSC not registered, OTP not received, provisional ID etc. Many of
these problems solved through get in touch with GST helpdesk and discussion
with experts and seniors. In the above list few problems incurred due to
technical reasons and many of them due to clerical mistakes.

Therefore, here like to conclude that the project taught excellent problem
solving approach and acclimatize with the new approach, concept of the
revolutionary GST Act implemented in India.

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 Company profile

Name of the Firm: SHIVSAGAR T. GOYAL & CO CHARTERED ACCOUNTANTS

Date of Establishment: 2004

Address: 3rd Floor, C-4 Rakshalekha Co-op Hsg soc Lane No. 6 Koregaon Park, pune

BUSINESS INFORMATION

Shivsagar Goyal Chartered Accountant in Pune. Tax Consultants with Address, Contact
Number, Photos, Maps. View Shivsagar Goyal Chartered Accountant, Pune on Just
dial.
Established in 2004, Shivsagar Goel Chartered Accountant near Koregaon Park, Pune,
is an acknowledged consultant for financial planning. This consultancy provides a full
spectrum of financial and accounting services, investment consultancy, project
evaluation and services related to all types of business and corporate agreements.
Their speciality lies in providing end-to-end support to start-ups as well as in shop act
consultancy. This consultant's office is at 1st Floor next To Archana Meadown.

Professional service offered

Accounting

1. Assisting corporate entities including Branches of foreign enterprises to

maintain account and comply with local tax laws and RBI guidelines.

2. Pre-audit review of account and Preparation of final statement of account such

as profit and loss accounts, Balance sheet and Cash flows in accordance with
legal requirement and accounting Standards, both Indian and International, so as
to facilitate smooth completion of audit by Independent auditors.

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 Auditing
1. Statutory audit of private companies as required by law for reporting to the
Shareholder
2. Internal/concurrent /Management audit of corporate/ non-corporate.
3. Stock/ Fixed assets/ Special audits for reporting to finance institutions/
Banks/management for ascertaining the security coverage and other related
matter
4. Audit of entries, as required under the Income Tax Act, VAT Act and other
statuses.

Taxation

 Consultancy/ advisory services for tax planning in order to comply with the various
laws of the country, direct and indirect, whether under normal provisions or under
double Taxation Avoidance Agreements, including withholding taxes.

 Representation before the Appellate and Administrative authorities at all levels in

respect of appeals review petitions prepared for clients under direct tax laws such as
Income Tax/ Service Tax.

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 1.1Theoretical Background

GST is a comprehensive value added tax on goods and services. It is collected on value
added at each stage of sale and purchase in the supply chain without State boundaries.
“The success of GST depends on proper administration. Much will depend on its
simplicity and efficient implementation, which are even more difficult in a disparate
federal setup”.

The introduction of Goods and Services Tax on the 1st of July 2017 was a very
significant step in the field of indirect tax reforms in India. By amalgamating a large
number of Central and State taxes into a single tax, the aim was to mitigate cascading
or double taxation in a major way and pave the way for a common national market.
From the consumer point of view, the biggest advantage would be in terms of a
reduction in the overall tax burden on goods, which was estimated to be around 25%-
30%. Introduction of GST would also make Indian products competitive in the domestic
and international markets. Studies show that this would have a boosting impact on
economic growth. Last but not the least, this tax, because of its transparent and
selfpolicing character, would be easier to administer.

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 Origin

Goods and Services Tax also known as the Value Added Tax (VAT) or
Harmonized Sales Tax (HST) was first devised by a German economist during
the 18th century. He envisioned a sales tax on goods that did not affect the cost
of manufacture or distribution but was collected on the final price charged to the
consumer. The numbers of transactions are immaterial and the tax is at a fixed
percentage of the final price. The tax was finally adopted by France in 1954.
Maurice Lauré, Joint Director of the French Tax Authority, the Direction
générale des impôts, was the first to introduce VAT on April 10, 1954. Initially
directed at large businesses, it was extended over time to include all business
sectors.

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Background

Before Implementation of GST we had a tax regime for Goods and Services
with the following complexities: -

1. The taxing event for taxes levied by Centre and taxes levied by States are
different, for example taxing event for Excise is manufacture, whereas taxing
event for VAT is sale.
2. The value on which these taxes are levied is also different.
3. There is a barrier for Inter-State Trade in the form of CST which is non-
creditable.
4. A person doing business all over India needs to understand the laws of
Centre and the laws of different states.
5. Taxpayer has to deal with multiple departments which increases cost of
compliance for tax payer.
6. Cost of collection and administration of justice is also higher for government
agencies on account of multiplicity of agencies/tribunals and multiple laws.
7. All these taxes whether levied by the Centre or the states are ultimately
loaded on the product and recovered from the ultimate consumer. Taxes
levied by states are retained by the states completely whereas taxes levied
and collected by the Centre are again shared between the Centre and the
states as per the Finance Commission Report. The burden of all these taxes
is passed on to ultimate consumer consuming the goods and services.
8. All these complexities has addressed by introducing an Ideal GST which is a
single tax collected by a single agency on the single concept of Supply and
post collection it can be shared between the Centre and the states or even
local bodies.
9. Therefore, India has introduced a dual GST on a common taxing event of
supply by central as well as state government. The introduction of the Goods
and Services Tax (GST) is a very significant step in the field of indirect tax
reforms in India. By amalgamating a large number of Central and State taxes

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 into a single tax, GST will mitigate ill effects of cascading or double taxation
in a major way and pave the way for a common national market.

Genesis:

1. Amaresh Baghchi Report, 1994 – It suggests that the introduction of “Value

Added Tax (VAT) ‘ will act as root for implementation of Goods and Services
Tax in India.
2. Ashim Dasgupta, 2000 - empowered committee, which introduces VAT
System in 2005, which has replaced old age taxation system in India.
3. Vijay Kelkar Task Force 2004 -It strongly recommended that the integration of
indirect taxes into the form of GST in India.
4. Announcement of GST to be implemented by 1st April, 2010 after successfully
implementation of VAT system in India and suggestion of various committees
and task forces on GST, the Union Government first time in Union Budget
2006-07 announced that the GST would be applicable from 1st April, 2010
5. The government has formed various Joint Working Groups of state finance
ministers to study the impact of GST on the revenue of various States.
6. The empowered committees of State Finance Ministers after various
meetings reached on amicable formula for implementation of GST in India.
7. Task force of Finance Ministers has submitted their report in December, 2009
on structure of GST in India
8. Government of India has issued first discussion paper in November, 2009.

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9. Constitution (115th Amendment) Bill introduced on 22nd March, 2011 and
same was referred to Parliamentary Standing Committee on Finance for
discussion.

10. March, 2011: The Constitution (One Hundred and Fifteenth Amendment) Bill,
2011 to give concurrent taxing powers to the Union and States was
introduced in Lok Sabha. The Bill suggested the creation of Goods and
Services Tax Council and a Goods and Services Tax Dispute Settlement
Authority. The Bill was lapsed in 2014 and was replaced with the Constitution
(122 Amendment) Bill, 2014.
11. November, 2012: A “Committee on GST Design”, consisting of the officials of
the Government of India, State Governments and Empowered Committee
(EC) was constituted.
12. March, 2013: A not for profit, non-Government, private limited company was
incorporated in the name of Goods and Services Tax Network (GSTN) as
special purpose vehicle setup by the Government primarily to provide IT
infrastructure and services to the Central and State Government(s), tax
payers and other stakeholders for implementation of the Goods and Services
Tax (GST).
13. August, 2013: The Parliamentary Standing Committee submitted its Report to
the Lok Sabha. The recommendations of the Empowered Committee (EC)
and the recommendations of the Parliamentary Standing Committee were
examined by the Ministry in consultation with the Legislative Department.
Most of the recommendations made by the Empowered Committee and the
Parliamentary Standing Committee were accepted and the Draft Amendment
Bill was suitably revised.
14. Finance Minister in his speech announced that the GST will be rolled out by
April, 2011.In August, 2013 Standing Committee on Finance tabled its Report
on GST Bill.

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15. In December, 2014 revised Constitution Amendment Bill was tabled in
Parliament
16. Constitution (122nd Amendment) Bill introduced in the Parliament in
December, 2014; since 115th Amendment Bill has been lapsed due
completion of parliamentary terms. The Government of India has introduced
Constitution (122nd Amendment) Bill on 19th December, 2014 the Lok Sabha
has passed the bill on 6th May, 2015 but Bill is pending in Rajya Sabha.
17. On June 14, 2016, the Ministry of Finance released draft Model law on GST in
public domain for views and suggestions
18. GST Bill Passed in Rajya Sabha on 3rd August 2016 (03-08-2016) On August
03, 2016, the Constitution (122nd Amendment) Bill, 2014 was passed by
Rajya Sabha with certain amendments.
19. The changes made by Rajya Sabha were unanimously passed by Lok Sabha.
1. After the passage of the Amendment Bill in the Rajya Sabha and the
changes subsequently ratified and passed by the Lok Sabha
unanimously, the Bill was adopted by a majority of State Legislatures
wherein approval by at least 50% of the State Assemblies was
required.
2. The final step to the Constitution (122nd) Amendment Bill, 2014
becoming an Act was taken when the Hon’ble President of India gave
his final assent on September 8, 2016.
3. The Constitutional 101st Amendment Act came into force which
empowers both the States and Centre to levy this tax.
20. In 2017 – Four GST related Bills become Act following Presidents assent &
passage in Parliament:
1. Central GST Bill
2. Integrated GST Bill
3. Union Territory GST Bill
4. GST (Compensation to States) Bill
21. In 2017 – GST council finalizing the GST Rules and GST Rates.

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 1.2 Introduction to GST

 A tax charged on supply of Goods and Services or both for consideration.

 GST is destination based consumption tax.
 The tax will be levied on the assessable value of the product or service
supplied and not sold.

Why GST required in INDIA

 One Nation One Tax

 GST has replace all indirect taxes with uniform levy
 Equal GST rate all over the country
 Reduce the complicated tax structure and input credit related issues
 Easy in compliance and maintenance of records
 To increase taxpayer base in India
 Improvement in international cost competitiveness
 Weapon against corruption
 Enhancement in efficiency of manufacture and distribution

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Taxes to be Sub-summed:

 Central Excise Duty

 Additional Excise Duty
 Excise duty levied under the medicinal and Toiletries Preparation Act
 Service Tax
 Additional Customs Duty
 Special Additional duty
 Surcharges and cess relating to supply of goods and services
 VAT / Sales Tax
 Central Sales tax
 Entertainment tax
 Purchase tax
 Luxury tax
 Taxes on lottery, betting and gambling
 State surcharges and cesses relating to supply of goods and services

Taxes not to be subsumed:

 Basic customs duty

 Excise duty/ VAT on petroleum products for initial years (in addition to GST
at Nil rate)
 Excise duty on Tobacco Products (in addition to GST)
 Entertainment tax levied by local bodies
 State excise on Alcoholic Beverages (No GST)
 Passengers and Goods Tax on carriage by railway
 Property tax, Stamp duty and taxes on immovable properties
 Royalty on minerals, Environmental/regulatory taxes

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 TAX STRUCTURE

GST will have four slabs of indirect taxation: 5%, 12%, 18% and 28%, with
goods and services attracting any of these slab percentages depending on
various factors such as being a luxury good/service. The current indirect tax
structure will give way to a Dual GST model, with the Centre and States
simultaneously levying GST on a common tax base, as follows:

 Central GST Bill (CGST): For intra-state transactions related to supply of

goods and/or services, levied by the Centre.
 State or Union Territory GST Bill (SGST or UTGST): For the supply of
goods and/or services in the States and Union Territories, levied by the
States/Union Territories
 Integrated GST Bill (IGST): For inter-state transactions and imports
related to supply of goods and/or services, carried out by the Centre

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 CHAPTER II
Profile of the Organization

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Profile of the organization:

SHIVSAGAR T. GOYAL &CO

Address: 3rd Flour, land No:-6, Koregaon park , Pune, Maharashtra 411001

2.1 Introduction-

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They are specialized in the following areas:

1. Accounting including Payroll processing

2. Statutory Audits, Internal Audits, Tax Audits and VAT Audits.

3. Transfer Pricing Study and Audit and International Taxation

2.3 CUSTOMERS

Clients in various fields namely services and even Traders. Their Clients also
consist of small shops and also the client of Maharashtra Bank .

2.4 Software Used:

They used various accounting systems and softwares such as SAP, Oracle,
Quickbooks, and Tally. They have efficient softwares of tax, those are linked to
Income Tax and other Departments' websites to file the returns electronically.

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2.5 Product Profile

Government’
Area s Our Scope
recommendation

• Checking your
Audit • Compulsory
books of accounts,
under Audit under
transactions and
Companies Companies
authenticating
Act Act
financial results.

• Issuing Audit
Report to ROC and

Shareholders

• Checking your
• Compulsory
books of accounts,
Audit under
transactions and
Tax Income Tax
authenticating
Audit Act, when
financial results.
turnover
• Checking all tax
crosses 10 m INR
compliances

• Issuing Audit
Report to Income Tax

Department

Transfer • Compulsory • Checking your

pricing Audit under books of accounts,

study and Income Tax transactions and

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 Audit Act, when authenticating the

there are prices of related

international party transactions

transactions • Issuing Audit report

with AE to Income Tax

Department

• Compulsory

Tax under • TDS computation

compliances various tax and payment

Laws

• Tax provision/
advance tax

• Compliance with all

the returns

such as Service
Tax, VAT, Excise etc.

• Compulsory • Checking your

under Sales books of accounts,

Tax Act of transactions and

VAT Audit
respective authenticating the

states VAT tax

when turnover compliance in all

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 crosses respects.
0.6m INR
• Issuing Audit Report
to Sales Tax

Department.

• Checking all internal

systems

• Advisory whether adhering to

for internal the policies

Internal control framed

Audi0t checking and • Assuring internal

systems to control systems

be followed. • Issuing
recommendation report to

Management

• Tax planning

• Financial decision
Consult
• On request making for
ancy and
of
Business
Advisory
Management expansions
Services
• Financial
consultancy

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 Chapter III

Research Methodology

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3.1 Objectives of the Project

1. To learn and understand Goods and Services Tax Act 2017.

2. To learn the procedure of GST Registration.
3. To understand the edibility of customer who is under the scope of GST.

3.2 Research Design and Methodology

The present study is basically a descriptive in a nature and based on

information of standards and procedure laid down by the government of India.

Collection of Data:
Data collection in a present study were collected from the secondary
sources.

3.3 Limitations of the Project

1. As GST migration process started in the month of January-17 was unable to

observe the actual process of the migration.

2. The project focuses only on GST registration. And other standards and
procedures are not studied.

3. Due to very short period of SIP was unable to file the returns under GST Act
2017.

4. Find out the truth and fairness of the study is based on available evidence.

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.

Chapter IV

Relevant Data & Procedure

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4.1GST Registration-

Any supplier of goods and service Provider of services who makes a

taxable supply with an aggregate turnover of over Rs.20 lakhs in a
financial year is required to obtain GST registration. In special category
states, the aggregate turnover criteria is set at Rs.10 lakhs. in simple
words Every business whose taxable supply of goods or services
under GST (Goods and Service Tax) and whose turnover exceeds the
threshold limit of Rs. 20 lakh / 10 Lakh as applicable will be required to
register as a normal taxable person

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 Part A of GST Registration

1. Step 1 – Taxpayer need to visit on GST Registration Portal By Using

Following link https://www.gst.gov.in/
2. Step 2 – Now Please Click on “Click the Services > Registration > New
Registration option.
3. Step 3 – The Application form is divided into two parts as Part A and Part B.
4. Step 4 – In Part A – The New Registration page is displayed. Select the New
Registration option.
5. Step 5 – In the I am a drop down list, select the Taxpayer as the type of
taxpayer to be registered, also selects the state for which registration is
required and district.
6. Step 6 – Enter your Business Legal Name as per PAN Database
7. Step 7 – Enter your Email Address and valid Indian mobile number of the
Primary Authorized Signatory.
8. Step 8 – In the Type the characters you see in the image below field, enter
the captcha text and Click on “Proceed Button“
9. Step 9 – The OTP Verification page is displayed. In the Mobile OTP field,
enter the OTP you received on your mobile number. OTP is valid only for 10
minutes. In the Email OTP field, enter the OTP you received on your email
address. OTP is valid only for 10 minutes and Click the PROCEED button.
10. Step 10 –The system generated Temporary Reference Number (TRN)
is displayed on your screen…

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Part B of GST Registration

 Step 11 – Now login again by using “Temporary Reference Number” and

Captcha Code…
 Step 12 –The My Saved Application page is displayed. Under the Action
column, click the Edit icon (icon in blue square with white pen).
 Step 13 –The Registration Application form with various tabs is
displayed.
 Step 14 – On the top of the page, there are ten tabs as Business Details,
Promoter/ Partners, Authorized Signatory, Authorized Representative,
Principal Place of Business, Additional Places of Business, Goods and
Services, Bank Accounts, State Specific Information and Verification. Click
each tab to enter the details.
 Step 15 – Fill The Details of Principal place of business
 Step 16 – Enter Commodity Details and Save & Continue
 NOTE: In case you do not know the HSN Code: In the Search HSN Chapter
by Name or Code field, type the matching character and from the displayed
HSN Chapter list, scroll and select the appropriate HSN code.
 Step 17 – Fill the Details of Bank account and upload document
 Step 18 – Verification tab: This tab page displays the details of the
verification for authentication of the details submitted in the form.
 Note: After filling the enrolment application, you need to digitally sign the
application using Digital Signature Certificate (DSC)/ E-Signature or EVC.
Digitally signing using DSC is mandatory in case of LLP and Companies
 Click the SUBMIT button to save the updated information and documents.
 Step 19 – Click Proceed (Note : Make sure your DSC dongle is inserted in
your laptop/ desktop)
 Step 20 – Click Sign from the Pop-up window
 Step 21 – Note: To view the details of your DSC, click the View Certificate
button.

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 Step 22 – On successful submission it will show message on screen

NOTE: The success message is displayed. You will receive the

acknowledgement in next 15 minutes on your registered e-mail address
and mobile phone number. Application Reference Number (ARN) receipt is
sent on your e-mail address and mobile phone number.

When GST Registration is Mandatory or required?

 If anyone selling goods or provide services within state and have expected
turnover more than 20 lakhs rupees in a year. ( For Example – Providing
the goods and services in Jaipur and between 01.07.2017 to 31.03.2018
your turnover cross more than 20 lakhs rupees then its required the GST
Number.
 If Supplier selling goods and service outside state & even have turnover
less than 20 lakhs rupees in a year. (For example – providing the goods
and service in Karnataka, Jaipur, Delhi, Mumbai, and Bangalore and have
turnover less than 20 lakhs in 16-17 but still you have to require the GST
Registration due to inter-state supply.

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 If you are doing ecommerce business online or any service based business
online then its required the GST Registration.
 If you are deal as trader or manufacturer and your suppliers are registered
under the GSTIN already then they charge the GST on your purchase & if
you need the input credit or refund then you have to require the
GSTIN Number.

4.2 GST Registration Eligibility

1. Turnover Criteria

Entities involved in supplying of goods or services with an annual aggregate

turnover of more than Rs.20 lakhs in most States are required to register for
GST mandatorily. In special category states, the aggregate turnover criteria has
been reduced to Rs.10 lakhs. In addition to the turnover criteria, there are
various other conditions that could mandate GST registration.

2. Inter-State Supply

Registration under GST is mandatory for entities undertaking inter-state supply

of goods and/or services, irrespective of aggregate annual turnover. For
example, if a business in Maharashtra supplies goods to a business in Tamil
Nadu, then GST registration is required.

3. E-Commerce Sellers

Entities involved in the supply of goods or services through e-commerce

platforms are mandatorily required to be registered under GST, irrespective of
aggregate annual turnover. Hence, sellers on e-commerce platforms like
Amazon, Flipkart and Snapdeal would have to register under GST mandatorily.

4. Existing Taxpayers

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 All entities having service tax or VAT or central excise registration must be
registered under GST mandatorily. Existing taxpayers have been provided with
Provisional ID and password for completion of GST migration formalities and
generation of GSTIN by the respective tax departments.

5. Casual Taxable Persons

A casual taxable person is someone who occasionally undertakes supply of

goods or services having no fixed place of business. An example of a casual
taxable person can be a fireworks shops setup during Diwali festival time,
selling fireworks or a temporary food stall.

4.3 Documents required for GST registration:

constitution of
Proof of Constitution Size Type
Business

JPEG,
Proprietorship; Nil (No Attachment required) 1 MB
PDF

Partnership Deed;

Partnership; JPEG,
Any Proof substantiating 1 MB
PDF
Constitution

Hindu Undivided JPEG,

Nil (No Attachment required) 1 MB
Family PDF

Private Limited JPEG,

Certificate of Incorporation 1 MB
Company; PDF

Public Limited JPEG,

Certificate of Incorporation 1 MB
Company; PDF

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 Trust Deed;
Registration Certificate;
Society/ Club/ JPEG,
1 MB
Trust/ AOP; Any Proof substantiating PDF
Constitution

Government Any Proof substantiating JPEG,

1 MB
Department; Constitution PDF

Public Sector JPEG,

Certificate of Incorporation 1 MB
Undertaking; PDF

Unlimited JPEG,
Certificate of Incorporation 1 MB
Company; PDF

Limited Liability JPEG,

Certificate of Incorporation 1 MB
Partnership; PDF

Any Proof substantiating JPEG,

Local Authority; 1 MB
Constitution PDF

Any Proof substantiating JPEG,

Statutory Body; 1 MB
Constitution PDF

JPEG,
Foreign Company Certificate for Establishment 1 MB
PDF

Foreign Limited JPEG,

Certificate for Establishment 1 MB
Liability Partnership PDF

JPEG,
Others 1 MB
PDF

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Nature of Proof of
possession of Minimum No. of attachments Principal Place
premises of Business

Property Tax
Receipt OR
Municipal Khata
copy OR
Own Any 1 attachment
Electricity bill
copy OR
Legal ownership
document

Rent/ Lease
agreement OR
Rent receipt with
NOC (In case of
no/expired
Rent/ Lease agreement OR Rent
agreement) AND
receipt with NOC (In case of
Leased no/expired agreement) Property Tax
Receipt OR
AND any 1 attachment Municipal Khata
copy OR
Electricity bill
copy OR
Legal ownership
document

Rented Rent/ Lease agreement OR Rent Rent/ Lease

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 receipt with NOC (In case of agreement OR
no/expired agreement) Rent receipt with
AND any 1 attachment NOC (In case of
no/expired
agreement) AND

Property Tax
Receipt OR
Municipal Khata
copy OR
Electricity bill
copy OR
Legal ownership
document

Consent
letter AND

Property Tax
Receipt OR
Consent letter AND any 1 Municipal Khata
Consent
attachment copy OR
Electricity bill
copy OR
Legal ownership
document

Consent
Consent letter AND any 1 letter AND
Shared
attachment Property Tax
Receipt OR

38 | P a g e
 Municipal Khata
copy OR
Electricity bill
copy OR
Legal ownership
document

Legal ownership
Others Legal ownership document
document

Who Can Be Authorized Signatory?

A primary Authorized Signatory is the person who is primarily responsible to

perform action at the GST Common Portal on behalf of the taxpayer. All
communication from the GST Common Portal relating to taxpayer will be sent to
the primary Authorized Signatory.

Type of Business Who can be the Authorized Signatory?

The proprietor or any person authorized by

Proprietor
the proprietor

Any authorized partner or any person

Partnership
authorized by the partners

Company, LLP, The person authorized by Board or Governing

Society or Trust Body. can act as Primary Authorized Signator

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Proof of Authorized Signatory

File
Document Required File Type
Size

Photo JPEG 100 KB

Copy of Resolution passed by Board of Directors / Managing JPEG,

100 KB
Committee and Acceptance letter PDF

JPEG,
Letter of Authorization 100 KB
PDF

Declaration for authorized signatory

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 Proof of Principal
Nature of Minimum No. of attachments Place of
possession of Business
premises

Property Tax
Receipt OR
Municipal Khata
copy OR
Own Any 1 attachment
Electricity bill
copy OR
Legal ownership
document

Rent/ Lease
agreement OR
Rent receipt with
NOC (In case of
no/expired
Rent/ Lease agreement OR Rent
agreement) AND
receipt with NOC (In case of
Leased no/expired agreement) Property Tax
Receipt OR
AND any 1 attachment Municipal Khata
copy OR
Electricity bill
copy OR
Legal ownership
document

Rented Rent/ Lease agreement OR Rent Rent/ Lease

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 receipt with NOC (In case of agreement OR
no/expired agreement) Rent receipt with
AND any 1 attachment NOC (In case of
no/expired
agreement) AND

Property Tax
Receipt OR
Municipal Khata
copy OR
Electricity bill
copy OR
Legal ownership
document

Consent
letter AND

Property Tax
Receipt OR
Consent letter AND any 1 Municipal Khata
Consent
attachment copy OR
Electricity bill
copy OR
Legal ownership
document

Consent
Consent letter AND any 1 letter AND
Shared
attachment Property Tax
Receipt OR

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 Municipal Khata
copy OR
Electricity bill
copy OR
Legal ownership
document

Legal ownership
Others Legal ownership document
document

Documents Required for Bank Accounts

Documents Required – Proof of Details of

Bank Accounts.

File File
Documents Required
Type Size

JPEG, 100
First page of Pass Book
PDF KB

JPEG, 100
Bank Statement
PDF KB

Cancelled Cheque
JPEG, 100

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 PDF KB

JPEG, 100
Any document issued by Bank on this behalf.
PDF KB

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 CHAPTER V

Findings Conclusion & Suggestions

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 5.1 Findings:

1. It is found that business can register for GST and obtain GSTIN free of cost.
2. It is observed that procedure of GST Registration is simple and easy.
3. Based on the study, problems faced during registration like SCN raised, PAN
mismatch must be resolved in 3 or 7working days as per allowed by tax officer
4. It is found that GSTIN is composed of 15 digits which is alpha numeric.
This state wise PAN based GST number is allotted to each taxpayer
5. It is also found that 7 working days are required to get GST Registration
certificate from GST portal.

5.2 Conclusions:

GST stands as a great challenge. GST is unavoidable. Hence everyone who

are under the scope of GST must be registered under GST Act and co-operate
our nation in taxation system.

 To conclude the registered dealers can provide their community a

privilege of the input tax credit as the dealer can issue tax invoice which
will further used for the availing of the input tax credit. This is a major
point to increase its customer base.
5.3 Suggestions:
a. Proper attention needs to be given while registration procedure.
b. One must have all the required documents to attach with registration.
c. While entering the name or attaching the documents it needs to be
done carefully otherwise to complete the registration procedure gets
delay.

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5.4 Learning through the project:

As working on this project, it supported to understand all the requirements and

criteria before one should go for registration under GST Act. The experience
end with the problem solving approach and to done work sincerely. As well as
acknowledge the importance of time while doing a particular work.

5.5 Contribution to the host organization

During the project assist in firm regular work like VAT return filing, Income tax
return and other work.

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 CHAPTER VI

REFERNCES

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 This section provides the sources from where the information has been
collected.

Online Reference

https://gst.caknowledge.in/gst-registration/
http://www.gstindia.com/
http://cbec-gst.gov.in/
http://clartax.in/
http://www.taxmangementindia.com//

Books Reference
C.R.Kothari, “Research methodology”

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QuestionnaireImplementation of Goods and Service Tax (GST)

Gender : ____________

Course :____________

Please answer all the questions bellow by putting a tick (√) beside your best answer.

Your cooperation is highly appreciated

1. Do you think implementing GST will cause higher price of goods & services?

( ) Yes

( ) No

2. Which of the following item/service(s) is(are) not subject to GST?

( ) Cooking oil

( ) Sugar

( ) Petrol

( ) Clinic

( ) Books

3 .Do you think all businesses need to be registered under GST?

( ) Yes

( ) No

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4.How do you get know about GST?

From :( ) Friend/Family

( ) Mass Media

( ) Online source

( ) Other : _______________

5. Do you agree the implementation of GST in Malaysia?

( ) Yes

( ) No

6. Which system do you think is more beneficial to both Government and people?

( ) Goods & Service Tax

( ) Sales Tax & Service Tax

7. Do you think GST will burden the people/consumer?

( ) Yes

( ) No

8.Do you think Malaysia is ready for implementing GST system?

( ) Yes

( ) No

9 *if your answer is No, then when would you expect GST to be applied in Malaysia?

( ) More than 1 year

( ) More than 3 years

( ) Other : _____________

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10 Do you think GST will be easier to comply with or difficult?
Easier
Difficult
Don’t know

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