40 likes | 51 Views
GST registration is required for all individuals and entities in India supplying goods or services. When the total value of supplies exceeds Rs.20 lakh, GST registration becomes mandatory. To make tax filing easier, the Ministry of Finance (MoF) simplified the GST registration procedure.
E N D
Steps Involved in GST Registration www.onlinelegalindia.com
An Introduction The Goods & Services Tax (GST) is an Indian tax on services and goods. GST is an indirect tax that has mostly superseded other indirect taxes in India, including excise duty, VAT, & services tax. The Goods and Services Tax Act, approved by the Indian Parliament on March 29, 2017, established GST on July 1, 2017.
The GST Registration Process Visit the official GST website. Visit the official GST registration website and pick the service option. By completing the OTP process, you can obtain a temporary registration number. The GST registration page is updated. Select the New Registration option. If the GST registration application is incomplete, the applicant must continue filling it out using their TRN number.
Conclusion In India, the total cost of all goods and services is now included within the indirect taxes set by the Union and State governments prior to purchase.