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GST Registration is mandatory for every business or corporation involved in buying and selling of goods or services. Those with an annual turnover of more than 20 lakh rupees for supply of services and 40 lakh rupees in case of supply of goods is the threshold limit. If a business is carried on without registering under GST, then it will be an offence under GST law. A casual taxable person/Non-Resident Taxable Person, e-commerce aggregator, agents of supplier and input service distributor etc.<br>https://taxring.com/service/gst-registration#collapseFaq1
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GST registration onlinehttps://taxring.com/service/gst-registration#collapseFaq1 GST Registration is mandatory for every business or corporation involved in buying and selling of goods or services. Those with an annual turnover of more than 20 lakh rupees for supply of services and 40 lakh rupees in case of supply of goods is the threshold limit. If a business is carried on without registering under GST, then it will be an offence under GST law. A casual taxable person/Non-Resident Taxable Person, e-commerce aggregator, agents of supplier and input service distributor etc. are required to register under GST.
What is a GST Registration? GST Registration of a business with the tax authorities implies obtaining a unique, 15-digit Goods and Service Tax Identification Number (GSTIN) from the GST authorities so that all the operations of and the data relating to the business can be collected and correlated. In any tax system this is the most fundamental requirement for identification of the business for tax purposes or for having any compliance verification program. https://taxring.com/service/gst-registration#collapseFaq1
What is advantage of taking registration in GST? Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: • Legally recognized as supplier of goods or services. • Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business. • Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients. • Getting eligible to avail various other benefits and privileges rendered under the GST laws. https://taxring.com/service/gst-registration#collapseFaq1