GST REGISTRATION

Goods and Services Tax is a unified indirect tax that has successfully replaced all the previously existing indirect taxes like VAT, Excise duty, CST, Service tax, Entertainment tax, etc. It came into effect on 1 July 2017. It is mandatory for all individuals and entities to register under GST if:

1. Their annual turnover exceeds Rs.20 Lakh in all Indian states with the exception of northeastern states where Rs. 10 Lakh is the limit that qualifies for GST registration.
2. All E-Commerce portals like Amazon, Flipkart, etc. and businessmen engaged in inter-state supply of goods and services also have to register for GST.
3. NRI taxpayers who wish to start a business in India but do not have a place of business have to apply for GST registration before the commencement of business operations in India.
4. Businesses which are required to pay tax under reverse charge mechanism and agents of suppliers and input service distributors also need GST registration.

Tax rates vary from 0% to 28% depending upon the type of goods and nature of services provided by different business entities. Once the registration process is complete, the Central Government issues a state-wise, 15 digit number to individuals and entities known as Goods and Services Tax Identification Number(GSTIN). The registration process usually takes 2 to 6 working days. There are many advantages of GST registration:

You can easily apply online for GST registration through our tech platform which is highly cost-efficient and also saves your valuable time which you can more profitably invest in your business leaving the hassles of legal technicalities to our team of experts.