GST Registration

GST Registration

What does GST registration entail?
Businesses with a turnover of more than Rs. 40 lakhs* (Rs. 10 lakhs for NE and hill states) must register as a typical taxable person under the GST regime. GST registration is the name of the registration process.

GST registration is required for certain businesses. It is a violation under GST to do business without first registering for GST, and there would be severe penalties if this occurs.

The time it takes to register for GST is normally between 2 and 6 working days. We’ll walk you through the process of registering for GST in three simple stages.

*The CBIC has announced that the threshold turnover has been raised from Rs 20 lakhs to Rs 40 lakhs. The notification has entered into effect on April 1st, 2019.

Who Should Register for GST?

  • Individuals registered under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)
  • Businesses with turnover above the threshold limit of Rs. 40 Lakhs* (Rs. 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
  • Person who supplies via 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