Goods and Services Tax (GST) is a consumption-based tax imposed on the sale, manufacture, and consumption of goods and services across India. It replaces all previous indirect taxes levied by both central and state governments. With the rise of international trade in services, GST has become a global standard, replacing the previous system of dual taxation.
Under the GST regime, businesses with an annual turnover exceeding Rs. 40 lakhs for goods and Rs. 20 lakhs for services are required to register as a taxable entity. This process is referred to as GST registration. For certain businesses, GST registration is mandatory, and operating without registration can result in significant penalties as per GST laws.
GST registration ensures that your business is compliant with Indian tax laws, helping you avoid penalties, fines, and legal complications.
Registered businesses can claim Input Tax Credit (ITC) on taxes paid for goods and services, reducing overall tax liability and improving cash flow.
Being GST-registered increases the credibility of your business, making it more trustworthy to customers, suppliers, and partners.
GST registration allows you to conduct business seamlessly across India, as you can collect and pay GST on inter-state sales, ensuring smooth interstate operations.
Aadhar / Voter ID / Driving licence/ PAN of the applicant.
The Address proof along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement and incorporation certificate.
The photos of the respective persons should submit for the clarification and proof of the concerned person.
The mobile number and email Id of the concurrent person or establishment because you will receive your username and password with the secured number and email.
The nature of the business and relevant information has to be attached.
The cancelled cheque of the bank account of the business.
The bank statement of the applicant where the first two pages has to be attached.
Our esteemed professional team would guide you with other requirements based on the nature of business.
One PAN holder gets one registration in every state, but h has the option of getting different registrations for different place of business in the state.
Yes. Since exports are Zero rated and no exemption is available, one needs to get GST registration.
If exclusively making supplies of NIL rated supplies, registration is not compulsory.
Yes. It is permissible.
Yes. Voluntary registration can be taken. However, once registered GST payment has to be as per the provisions of the Act. The threshold limit exemptions will not be applicable.
If you have any further queries, get our experts’ opinion. For free consultation Contact our Taxteam to resolve all your queries.