What is GST Registration?
GST Registration with the tax authorities implies obtaining a unique 15 digit GST Identification Number (GSTIN), which helps in collecting and correlating the data relating to the transactions of a business.
GST is a kind of indirect tax which is levied on manufacturing, sale & consumption of goods & services. This is a nation vide taxation law which came into force on July 01, 2017.
Goods & services tax (GST) registration is a process which aims at formalising the process of doing business in India.
Businesses whose turnover exceeds INR 40 lacs (Normal States) & INR 20 lacs (Special category states) are required to register under the new indirect tax regime i.e. Goods & Services tax (GST).
New GST Registration?
With the growth in Indian economy, India has become a new hot-spot for global investors. This new phase of India is bringing in new traders, manufacturers who requires to register their business under the new GST registration regime.
There are various financial technicalities associated with GST so it is always advisable to take assistance from financial experts.
We at Valubiz, provides easy & hassle free GST registration process in most effective & efficient manner. A whole team of chartered accountants are here to help you in getting your new GST registration for your business.
Who is required to register under GST?
Business whose turnover exceeds INR 40 lacs (normal states) & INR 20 lacs (special category states)
Individuals registered prior to GST under Excise, VAT, Service tax etc.
Those paying tax under Reverse Charge Mechanism
Agent of a supplier or a input service provider
Documents required for GST Registration
Electricity bill of the
Letter of Authorisation for signatory
Bank statement/ Cancelled Cheque
- How to register for GST?
- What is GST Registration Process in India?
- What is the validity of the GST registration number?