GST Registration: Goods and Services Tax (GST) is meant to replace a number of central and state indirect taxes with a unified tax, and is therefore expected to streamline and ease in doing business. In India, any person, firm, or organization undertaking a supply of taxable goods is mandatorily required to register under GST if, they have crossed the annual aggregate threshold limit of Rs. 40 Lakh (20 Lakh for North East states and the Hilly States.) or they are having inter-state transactions.

There are certain other conditions and exemptions for the applicability of threshold limit: for instance an e-commerce aggregator or a person who supplies through an e-commerce aggregator has to mandatorily register for GST. GST registration requires obtaining a GST Number, GSTIN, from the tax authorities. GSTIN is a unique 15-digit number, usually linked to the PAN and is used to monitor tax payments and compliance.

As a goods or service provider, if you fail to register for GST, you can incur heavy fines and penalties that can go up to 100% of your owed tax amount. Registering for GST means you can also collect GST from your customers. Thus, in order to avoid any conflict with the law, it is essential that you register for GST.

With our help, you can simplify the documentation process, save time, and meet regulatory requirements. Let us manage the paperwork so you can concentrate on your business. Please reach out team to get additional information Goods and Service Tax (GST)