Do I need GST for LLP?

LLPs must be treated as a Partnership Firm or Firm under GST: Govt [Read Notification] The Central Government recently notified that the Limited Liability Partnerships (LLP) registered under the 2008 Act must be considered as a partnership firm or Firm under the Goods and Services Tax (GST) regime.

Is GST registration mandatory for partnership firm?

Is it mandatory to register a Partnership Firm? It is not mandatory to register a partnership firm as per the provisions of the Partnership Act, 1932.

What documents are required for GST LLP?

Documents required for GST Registration of an LLP:

• Photos of all Partners.
• PAN Card of all Partners.
• Aadhar Card of all Partners.
• Registration Certificate of the LLP.
• Proof of Principle place of business (Anyone – Electricity Bill/Rent or Lease agreement/Latest Bank Statement – Not less than 2 months old)

What are the requirements of LLP?

To register an LLP in India, the following documents are required:

• PAN Card of the Partners.
• Address Proof of the Partners.
• Utility Bill of the proposed Registered Office of the LLP.
• No-Objection Certificate from the Landlord.
• Rental Agreement Copy between the LLP and the Landlord.

How can we file ITR for LLP?

Procedure to File Income Tax Return of LLP

1. Register LLP on Income Tax Site.
2. Prepare LLP Balance Sheet.
3. Prepare Profit & Loss statement.
4. Prepare income tax computation sheet of LLP.
5. Pay LLP Income Tax online.
6. Download Income Tax Form 5.
7. Fill LLP & Financial information.
8. Upload ITR With DSC of Partner.

What is LLP proof of registration?

ID Proof of Partners – All the partners are required to provide their PAN at the time of registering LLP. PAN card acts as a primary ID proof. Residence Proof of Partners – Latest bank statement, telephone bill, mobile bill, electricity bill or gas bill should be submitted as a residence proof.

How do I register a partnership firm?

Advantages of Partnership Firm The partnership firm can be incorporated by drafting the partnership deed and entering into the partnership agreement. Apart from the partnership deed, no other documents are required. It need not even be registered with the Registrar of Firms.

What documents are required for GST registration of partnership firm?

Documents required for GST Registration of Partnership Firm: PAN Card of all Partners. Aadhar Card of all Partners. Proof of Constitution of Business (Partnership deed) Proof of Principle place of business (Anyone – Electricity Bill/Rent or Lease agreement/Latest Bank Statement – Not less than 2 months old)

Can I sell interstate goods without a GST number?

Persons making inter-state supply of services are exempted from obtaining GST registration up to a turnover limit of Rs. 20 Lakhs (Rs. Persons making inter-state supply of goods either directly or through e-commerce operator are liable for compulsory GST registration without any threshold limit.

How is LLP formed?

To register a Indian LLP, you need to first apply for a Designated Partner Identification Number (DPIN), which can be done by filing eForm for acquiring the DIN or DPIN. Once the LLP name is approved, you can register the LLP by filing the incorporation form.