GST Registration

Goods and Service Tax is an Indirect Tax; charged on Goods and Services as indicated by their name. Any supply of goods or services is liable to GST. Hence, GST registration is mandatory for the businesses supplying/dealing in any Goods or Services.

Which entities should take mandatory GST registration?

• A service provider with a turnover of Twenty Lakh or above
• Manufacturer or Trader of Goods with a turnover of Forty Lakh or above
• E-Commerce businesses/platforms
• Other businesses can register voluntarily

Benefits of GST Registration:

• Can avail credit for GST paid by the business on Input Goods and Input Services (Goods or services procured for business use)
• Legal recognition as a supplier of Goods / Services