GOODS & SERVICES TAX
(GST REGISTRATION)

GST stands for Goods and Service Tax. It is an indirect tax which has to be collected from customers on sale of goods or supply of services and required to be deposited to the Government.

It is mandatory for every business to take GST registration if turnover of their business exceeds Rs. 20 lakh (for service providers) or Rs. 40 lakh (for trader or manufacturer of goods). For Interstate supplier of Goods, it is mandatory to take GST registration, irrespective of their turnover. Further for North-Eastern States, Jammu & Kashmir, Himachal Pradesh and Uttarakhand, threshold limit for GST registration is Rs. 10 lakh.

Yes, you can voluntary register under GST, even if your turnover is less than the threshold limit prescribed by government.

There are various benefits of register under GST like you can avail input tax credit on purchases, can conduct interstate sale and purchase without restrictions and can easily register and sell on online e-commerce portals.

If a business operates from multiple states, than taxpayer is required to obtain GST registration for each state separately. For example, if you are selling goods or supplying services from Delhi and Mumbai, than you are required to obtain GST registration for Delhi as well as for Maharashtra.