GST Registration

Goods and Services Tax (GST) registration is mandatory for businesses in India engaged in the supply of goods or services with a turnover exceeding the prescribed threshold limits. GST is a unified indirect tax that replaced various central and state taxes, streamlining the taxation system. Here are the key steps involved in the GST registration process in India:

GST Registration Process:

1. Determine Eligibility:
Check whether your business is required to register for GST based on its aggregate turnover.
As of latest amendments (January 2022) companies with a yearly turnover of more than Rs. 40 Lakhs (for goods) and Rs. 20 lakhs (for services) are required to register for GST and pay taxes

2. Online Application:
Application for GST registration will be filed on the GST Portal with the necessary documents and its takes around weeks

3. Documents Required
The documents required for GST registration may vary based on the type of business. However, common documents include:
    a) PAN of the business
    b) Aadhar card of the authorized signatory
    c) Proof of business registration (e.g., partnership deed, certificate of incorporation)
    d) Address proof of the principal place of business
    e) Bank account details
    f) Photograph of the authorized signatory

Note - Additional Points to Note:
    a) GST registration is location-specific. Separate registrations may be required for each state where the business operates.
    b) Certain businesses are required to file for GST composition scheme or input service distributor based on their nature.