GST Registration Requirement

GST stands for Goods and Services Tax. GST registration is mandatory for businesses that are engaged in the supply of goods or services with a turnover exceeding Rs. 20 lakhs (Rs. 10 lakhs for certain special category states).

What is GST Registration?

Any individual or entity that is involved in the supply of goods or services and whose turnover exceeds the threshold limit is required to register for GST. This includes businesses, freelancers, and professionals.

Who Needs to Register for GST?

To register for GST, you need to provide certain documents such as PAN card, Aadhaar card, business registration proof, bank account details, and proof of address. It's important to ensure that all the documents are valid and up-to-date.

Documents Required for GST Registration

GST registration not only makes your business compliant with the law but also offers various benefits such as seamless input tax credit, wider market reach, and improved credibility. Moreover, it also simplifies the tax compliance process for businesses.

Benefits of GST Registration

Failure to register for GST can result in penalties and legal action. The business may have to pay a penalty of up to 10% of the tax due or a minimum of Rs. 10,000. Additionally, the business may also lose out on various benefits that come with GST registration.

Consequences of not Registering for GST

You can register for GST online by visiting the GST portal and filling out the registration form. You will need to provide all the required documents and information. Once the application is submitted, you will receive a GST registration certificate within a few days.

How to Register for GST?

Get hassle-free GST registration with Kanakkupillai! Our expert team can assist you with all the documentation and registration process. Contact us now to get started and make your business GST compliant.

GST Registration by Kanakkupillai