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GST Registration with the Experts of Online Legal India | One Day Process
Get 360° Online Assistance from India’s recommended Business Taxation Experts in GST Registration to Filing the Mandatory GST Returns Annually
GST Registration - Overview
Businesses must register as regular taxable entities under the Goods and Services Tax (GST) if their annual revenue exceeds the threshold limits of Rs. 40 lakhs for goods, Rs. 20 lakhs for services, or Rs. 10 lakhs, as applicable. This process is referred to as GST registration.
Obtaining a GSTIN is mandatory if the annual turnover exceeds the prescribed limits. Operating a business without GST registration is considered an offence and can result in significant penalties.
GST registration typically takes 4 to 6 working days. At Online Legal India, we streamline the process, guiding you through 3 simple steps to help you secure GST registration quickly and efficiently.
Key Components of GST Registration
The Goods and Services Tax (GST) in India is structured around three primary components:
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Central Goods and Services Tax (CGST): This tax is levied by the Central Government on the supply of goods and services within a particular state. CGST applies to transactions carried out entirely within the boundaries of one state.
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Service Providers: Those with an aggregate annual turnover surpassing Rs. 20 lakhs. For special category states, this limit is Rs. 10 lakhs.
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Exemptions: It's important to note that entities dealing exclusively in GST-exempted goods or services are not bound by these thresholds.
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Previously Registered Entities: Entities that were registered under older tax frameworks (like Excise, VAT, Service Tax, etc.) need to migrate and register under the GST regime.
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Inter-State Suppliers: Any entity or individual involved in the supply of goods across state boundaries.
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Casual Taxable Entities: Those who undertake taxable supply occasionally.
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Entities under Reverse Charge Mechanism: Businesses obligated to pay tax under the reverse charge.
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Input Service Distributors & Agents: Distributors of input services, including their representatives.
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E-Commerce Platforms: Operators or aggregators of e-commerce platforms
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Non-Resident Taxable Entities: Individuals or entities that are non-resident but engage in taxable supply within India.
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Supplier's Agents: Representatives who supply on behalf of a principal supplier.
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E-Commerce Suppliers: Individuals or entities that offer goods or services through an e-commerce aggregator.
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Online Service Providers: Entities delivering online information, database access, or retrieval services from outside India to an individual in India, excluding those already registered under GST.