What is the use of changing business name and address for GST?

In some circumstances, where incorrect information regarding the taxable person under GST has been altered in the GST Portal, a GST registration revision may be required. In this article, we'll look at how to repair errors on your GST registration certificate.                      

All businesses are now required to register for online GST. Businesses with yearly revenue of more than Rs 40 lakhs must register for GST, regardless of their type of business. There are several advantages to registering for GST. A previously registered taxpayer's GST profile may need to be updated, which may require amending his GST Registration certificate. Any update to the details of a GST registration is referred to as a GST amendment.

Criteria for Eligibility:

Any GST-registered taxpayer from the following categories can file an update of the registration application:

• Registrants who are new to the platform and regular taxpayers.
• Registrants of TDS/TCS, UN Bodies, Embassies, and Others, Notified Persons with UIN.
• Taxable Person who is not a resident of the United States.
• GST specialist.
• Provider of Online Details and Database Access or Retrieval Service.

Changing the GST Registration Certificate:

If there are any modifications to the information supplied to the GST Common Portal while obtaining GST registration or after obtaining GST registration, a GST registration modification application can be filed.. The GST amendment application form GST REG-14 must be signed by the applicant after 15 days of any change in the information in the GST registration application or GST registration information. The GST amendment application must be digitally signed by the applicant. (Learn more about how to sign GST paperwork.)

If the address of the major place of business is to be altered or if a new principal place of business is to be added, GST FORM REG-14 must be submitted. The GST registration amendment application must include confirmation of the new address to change the business address.

Changes to the business name under the GST:

The GST registration certificate does not need to be cancelled if a business's legal name changes. The new business name can be added to the existing GST registration. Changes to a business name must be updated on the GST portal within 15 days of the change by filing FORM GST REG-14.

The GST tax Officer must verify the application and approve the alteration to the business name in FORM GST REG-15 within 15 working days after receiving it. The amendment would take effect from the date of the occurrence of the event that warranted the modification if approved.

Changes to Address as a result of the GST Amendment:

GST FORM REG-14 can be filed if the address of the major place of business or any other place of business changes. If you're changing your address, you'll need to provide documentation of your new address in your GST registration update application. The following are examples of acceptable evidence of address:

For Owned Premises: Any document proving ownership of the premises, such as the most recent Property Tax Receipt, a copy of the Municipal Khata, or a copy of the Electricity Bill.

A copy of the valid Rent / Lease Agreement, along with any document proving the Lessor's ownership of the premises, such as the most recent Property Tax Receipt, a copy of the Municipal Khata, or a copy of the Electricity Bill.

For premises that do not fit into any of the above categories, a copy of the Consent Letter along with any document proving the Consenter's ownership of the premises, such as a copy of the Municipal Khata or a copy of the Electricity Bill. The same documents can be uploaded to shared properties as well.

Where a rent/lease agreement is not available for rented/leased premises: An affidavit to that effect, as well as any document proving possession of the premises, such as a copy of the electric bill.

If the applicant's primary place of business is in an SEZ or if the applicant is an SEZ developer, the necessary documents/certificates provided by the Indian government must be uploaded.

All changes to addresses must be updated on the GST site within 15 days of the change. The GST office will authorize a change of GST address within 15 days after receiving an application. The date of the event warranting the change, if approved by the Officer, would be the date of the event.

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