What is Legal Ownership Document in GST?

The

legal ownership document means

the documents that establish ownership or legal rights over a property or asset. These documents are relevant in the context of the GST registration process. These documents are important for entities seeking registration as taxpayers. 

When you apply for GST registration, you are required to submit certain documents as proof of identity, address, and legal ownership of the business.

It helps in establishing the ownership or legal right to conduct business at the registered address. The specific documents vary based on the type of entity (individual, partnership, company, etc.) and the nature of the business.

• If your business operates from owned premises, documents such as property deeds, sale deeds, or title deeds are required to establish ownership.

• If your business operates from a rented or leased property, a rental or lease agreement, along with proof of payment of rent, is required.

• In cases when your property is owned by another person or entity, a No Objection Certificate is required.

• Utility bills in the name of the business entity for the registered address can also be used as supporting documents.

The GST authorities use these documents to verify the legal existence and ownership of your business. It ensures that only legitimate businesses are registered under the GST system. This is all about

legal ownership document for GST registration

.

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Any person making taxable intrastate supplies of goods or services with an annual aggregate turnover of more than Rs. 20 Lakh (Rs. 40 or Rs. 10 Lakh, as may vary depending on the supply and the state/UT) or engaging in taxable interstate supplies (without any threshold limitations) is required by law to register for GST. Depending on the nature of the company's structure or the type of GST registration they want to apply for, businesses need different sets of legal ownership document in GST.

What is legal ownership document in GST?

To establish legal ownership, you will basically need to submit your address proof.

Upload any one of the following documents:

• Property tax receipt

• Municipal Khata copy

• Electricity bill copy

• Ownership deed/document (in the case of owned property)

• Lease/rent agreement (in case of leased/rented property) – To be submitted along with (1), (2), or (3)

• Consent letter / NOC from the owner (in case of consent arrangement or shared property) – To be submitted along with (1), (2), or (3)

Apart from the above-given legal ownership documents, different businesses will require different sets of documents for GST registration, for example;

I hope now you have understood the required list of legal ownership document in GST.

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