GST Registration 

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GST Registration

GST (Goods and Services Tax) is a major indirect tax reform in India, unifying various taxes under one umbrella. This system simplifies the taxation of goods and services under a single law, with taxes levied at one rate. The tax collection is divided between the Central Government (CGST) and the State Government (SGST) or handled through IGST for inter-state transactions.

Threshold Limit for Registration

GST registration is mandatory for businesses based on their turnover or type of activity. For businesses involved in goods trading, registration is required if their annual turnover exceeds Rs. 40 lakhs, and for service providers, the limit is Rs. 20 lakhs. In North-Eastern states, the thresholds are Rs. 20 lakhs for goods and Rs. 10 lakhs for services. Many businesses also opt for voluntary GST registration to avail of its benefits. GST registration is a completely online process, ensuring smooth credit flow and recognition as a registered supplier.

Documents Required for GST Registration

  • PAN Card (for Individual/Partner/Director)
  • Aadhar Card (for Individual/Partner/Director)
  • Passport-size Photograph (for Individual/Partner/Director)
  • Business Address Proof (Rental Agreement, Electricity Bill)
  • Mobile Number and Email Address
  • Authorized Signatory Details (for Partnerships, Companies, LLP)
  • Proposed Business Name
  • Proposed Business Activity

Why GST Registration is Important?

GST registration offers several advantages that can benefit your business in the long run.

Boosts Credibility

GST registration enhances your business's trustworthiness.

Claim ITC

You can claim input tax credits on purchases, reducing costs.

Government Benefits

It makes you eligible for various government schemes.

Tax Compliance

It simplifies and streamlines tax management.