The Assam GST Department has issued Circular No. 01/2023 dated July 07, 2023, which mandates the furnishing of a valid rent agreement/lease deed duly registered with the Sub-Registrar or competent authority for registration under GST. The circular states that this is necessary to prevent fake/bogus registration and duping of government revenue.
Official copy of the circular has been mentioned below
The following are the requirements for a valid lease deed/rent agreement for GST registration in Assam
- It must be registered with the Sub-Registrar's office.
- It must be in the name of the business entity that is applying for GST registration.
- It must specify the address of the place of business.
- It must be dated within the last 12 months.
If you are a business owner in Assam and you need to apply for GST registration, you will need to submit a registered lease deed/rent agreement as one of the documents. You can find more information about GST registration in Assam on the website of the Assam Government's Commissionerate of Taxes.
Here are some of the benefits of registering for GST in Assam
- You will be able to claim input tax credit on the goods and services that you purchase for your business.
- You will be able to sell your goods and services across India without having to worry about paying taxes in each state.
- You will be able to file your GST returns online.
- You will be able to avail of various government schemes and benefits that are available to registered GST taxpayers.
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