Online GST Registration India
Get legally recognised as a supplier with GST registration online
What is GST Registration?
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.
Threshold Limit for Registration
The registration under GST is mandatory for the business entities based on the criteria of turnover or activities. The business dealing in goods and those providing service have to mandatorily apply for GST Registration if their aggregate turnover for a financial year exceeds Rs.40 Lakhs and Rs.20 Lakhs respectively. However, for business making supplies and providing services in the North Eastern States, the same is Rs. 20 lakhs and Rs. 10 lakhs respectively. Owing to its benefits, many dealers also obtain voluntary registration under GST.
The GST registration in India is completely an online process. GST Registration affirms seamless flow of Input Tax Credit in addition to providing recognition as a registered supplier.
Documents Required For GST Registration
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Structure of GSTIN
Goods and Services Taxpayer Identification Number (GSTIN) is a PAN based 15 digit number assigned to taxpayers registered under GST
Get recognised legally as a supplier with GST registration online
Frequently Asked Questions (FAQs)
When you provide intra-state services with an annual turnover of over Rs. 20 lakh and intra-state good providers with annual turnovers of more than Rs. 40 lakh, you need to register for GST.
Entities with turnover exceeding of Rs.40 lakhs (supply of goods in normal state), Rs.20 lakhs (supply of goods/services in normal state), Rs.20 lakhs (supply of goods in specific state) or Rs. 10 Lakhs (Supply of goods/services specific state) and above would be required to register under GST.
Yes, the registration Certificate once granted is permanent unless surrendered, cancelled, suspended or revoked.
Businesses that are not required to register for GST should not collect GST on sales or claim GST credits on the goods that have been purchased. Since you have not registered for GST, your business should only issue normal invoices.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply. GST registration usually takes between 2-6 working days.
Currently, the types of GST in India are CGST, SGST and IGST. This simple division helps distinguish between inter- and intra-state supplies and mitigates indirect taxes.
Any registered taxable person whose annual *aggregate turnover exceeds 2 Crore INR during a financial year needs to get their accounts audited. The eligible taxpayer can get their records and account audited either by a CA (Chartered Accountant) or a CWA (Cost and Work Accountant).