What is GST

Goods and Services Tax (GST) is an indirect tax that was rolled out on July 1, 2017. It is levied on the supply of goods and services across the country. It has brought about a uniformity in the indirect tax structure by replacing all the indirect taxes that existed in the pre-GST regime such as VAT, service tax, Excise duty, etc. Simply put, GST has incorporated the concept of "One nation One Tax."

GST Registration Online

Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input Tax Credit (ITC) for the taxes paid on his inward supplies.

Without registration, a person can neither collect tax from his customers nor claim any credit of tax paid by him.

Entities with turnover exceeds of Rs.40 lakhs (supply of goods in normal state), Rs.20 lakhs (supply of goods/services in normal state), Rs.20 lakhs (supply of goods in specific state) or Rs. 10 Lakhs (Supply of goods/services specific state) and above would be required to register under GST.

The eligible entities must file GST application within 30 days from the date on which the entity became liable for registration under GST law.

Note Specific state for GST registration is, (Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, and Uttarakhand.)Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input Tax Credit (ITC) for the taxes paid on his inward supplies.

Without registration, a person can neither collect tax from his customers nor claim any credit of tax paid by him.

Entities with turnover exceeds of Rs.40 lakhs (supply of goods in normal state), Rs.20 lakhs (supply of goods/services in normal state), Rs.20 lakhs (supply of goods in specific state) or Rs. 10 Lakhs (Supply of goods/services specific state) and above would be required to register under GST.

The eligible entities must file GST application within 30 days from the date on which the entity became liable for registration under GST law.

Note Specific state for GST registration is, (Puducherry, Meghalaya, Mizoram, Tripura, Manipur, Sikkim, Nagaland, Arunachal Pradesh, and Uttarakhand.)

Annual Turnover Criteria

Entities with turnover exceeds of Rs.40 lakhs (supply of goods in normal state), Rs. 20 lakhs (supply of goods/services in Normal state) Rs.20 lakhs (supply of goods in specific state) or Rs. 10 Lakhs (Supply in specific state) and above would be required to register under GST.

GST registration is mandatory in case of supply of goods or services from one state to another (inter-state). For example, if a business in Delhi supplies goods to a business in Haryana, then GST registration is required.

Every e-commerce operator and the person who supplies via e-commerce operator is supposed to get registered under GST.

Entities having service tax or VAT or central excise registration must be registered under GST mandatorily.

This category includes the person who occasionally undertakes supply of goods or services having no fixed place of business.