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Balance sheet for GST Registration

26 August 2022

Is balance sheet required for GST registration of an individual? A tax professional insisted me to provide balance sheet to complete my GST Registration..

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7 Replies

sabyasachi mukherjee (27658 Points)
Replied 26 August 2022

A balance sheet is not required for gstvregistration.

1 Like

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 26 August 2022

PAN , aadhaar , photo , mobile no , email , bank account, address proof of premises .

These are required but balance sheet is not required

3 Like

jayesh (article) (33 Points)
Replied 26 August 2022

Reply with proper rule of cgst rules 2017 need of documents for registration

1 Like

sabyasachi mukherjee (27658 Points)
Replied 27 August 2022

A tax professional cannot force you it's wrong

1 Like

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 31 August 2022

Financials might be to check turnover..GST registration may not be required if it is below turnover threshold

2 Like

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 September 2022

There is no requirement of balance sheet in GST registration,

1 Like

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 01 September 2022

Just to ascertain the whether GST registration is required, one has to look into P & L A/c ..

But Balance sheet is not required..

Check with them why it is required?