GST Registration
GST Registration is mandatory for certain businesses. According to GST rules, businesses with turnover above ₹40 lakhs must register as a normal taxable entity. This process of registering a business under Goods & Services Tax (GST) is called GST Registration.
What is GST Registration?
GST registration refers to the process through which a taxpayer (business or individual) gets registered under the Goods and Services Tax (GST) regime in India.
GST is a comprehensive indirect tax levied on the supply of goods and services across India. It has replaced various indirect taxes such as VAT, service tax, excise duty, etc.
Eligibility for GST Registration / GST Threshold Limit
- Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax, etc.)
- Businesses with turnover above the threshold limit of ₹40 Lakhs (₹ 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh, and Uttarakhand)
- Casual taxable person / Non-Resident taxable person
- Agents of a supplier & Input service distributor
- Those paying tax under the reverse charge mechanism
- A person who supplies via an e-commerce aggregator
- Every e-commerce aggregator
- Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person
GST Registration Process
- TRN Generation
- Documents Uploading
- Show Cause Notice (if deficiency)
- Reply to Notice (if deficiency)
- Issuance of GST certificate (GSTIN)
