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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Quick Summary
This discussion addresses the common query regarding the necessity of a balance sheet for GST registration. While a tax professional may request it, a balance sheet is generally not a mandatory document for GST registration. Required documents typically include PAN, Aadhaar, photo, mobile number, email, bank account details, and proof of address. A balance sheet might be indirectly relevant to verify turnover thresholds, but it's not a direct requirement for the registration process itself.