GST Registration
The following classes of taxpayers will get exemption from getting registration :
- Suppliers of services, with turnover up to Rs. 20 lakh, involved in inter State supplies
- Suppliers of services, having turnover up to Rs. 20 lakh, involved in supplies through e-commerce platforms
- Compulsory registration is needed for only those e-commerce operators who are needed to collect tax at source.
When GST Registration is Mandatory?
- If commodities are to be sold on Flipkart or Amazon then GST registration is mandatory.
- In case you are involved in export of goods and services, GST registration is compulsory.
- If you perform inter state supply then GST registration is mandatory.
- In case reverse charge mechanism is applicable, then it is compulsory to perform GST registration process.
- It is compulsory for a non resident taxable person to do GST registration in India.
- Casual taxable person requires a compulsory GST registration in India.
- If turnover of an individual within state exceeds 20 lakh, then he must do GST registration.
GST Registration Online
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According to the GST law, every individual including company, LLP and others need to complete GST registration whenever Threshold limits of total turnover for exemption from registration and payment of GST for the suppliers of goods is Rs. 40 lakhs and Rs. 20 lakhs (in the States of Manipur, Arunachal Pradesh, Mizoram, Meghalaya, Nagaland, Sikkim, Telangana, Puducherry, Tripura and Uttarakhand) with effect from 01.04.2019.
GST stands for Goods and Service Tax. It includes an indirect tax that needs to be collected from customers when you sell your goods or services and requires to be submitted to the government.
It is compulsory to complete GST registration in following scenarios :
You are doing inter-state sales or
Your annual turnover is more than Rs. 40 Lacs or
You are involved into import or export business
Selling products online through e-commerce portal or
Business attending in exhibition/event outside the State as Casual Taxable Payer
You want to enhance a tax invoice for your consumers
In case of North Eastern States, an annual turnover threshold limit is Rs. 20 Lakhs
All businesses that register under GST successfully are allocated a unique Goods and Services Tax Identification Number, known as GSTIN.
If a business is operated from more than one state, then a separate GST registration is compulsory for every state. For example, if a sweet trader sells in West Bengal and Rajasthan, he needs to apply for separate GST registration in West Bengal and Rajasthan correspondingly. A business with several trades in a state may acquire a separate registration for each trade.
Maximum limits of total turnover to get exemption from registration and payment of GST for the suppliers of products would be Rs. 40 lakhs and Rs. 20 lakhs (in the States of Manipur, Arunachal Pradesh, Mizoram, Meghalaya, Nagaland, Sikkim, Puducherry, Tripura, Telangana and Uttarakhand) with effect from 01.04.2019.
Small businesses having an annual turnover less than Rs. 1.5 crore (Rs. 75 Lakhs for North Eastern States) can choose for Composition scheme.
Composition dealers need to file only 1 quarterly return (in place of 3 monthly returns filed by normal taxpayers)
They cannot issue taxable invoices, i.e. collection of tax from customers and needs to pay the tax due to their own pocket
Businesses that have selected for Composition Scheme cannot state any Input Tax Credit.
Inter-state sellers
Service providers
Supplier of non-taxable goods
E-commerce sellers
Manufacturer of Notified Goods
