GST or the Goods and Service Tax is the latest taxation reform in India and the reform is probably the biggest taxation reform in the country since Independence under the tax, all businesses must register for GST if their annual revenue reaches the threshold set by the government of the country.
Now, small-scale businesses in the country are not familiar with the process with which they can register for GST and whether they are eligible for the same or not. If you are thinking for the same then, this informative guide of ours will tell you how you can register for GST or you can take the help of a GST Suvidha Kendra.
What are the limits for GST registration?
While all big-scale businesses need to apply for GST registration, small-scale business owners are not sure whether they qualify for the same or not. If you keep in mind the current regulations of GST then, GST registration is mandatory if your business has an annual turnover of 40 Lakhs or more. There are some states where you need to register for GST even if the turnover is above 20 lakhs.
Another thing that you need to remember is that if your business involves dealing with interstate supplies then, you need to register for the same without considering the turnover. If your business comes under any of the regulations that we have mentioned here then you need to use the process mentioned here in the guide to apply for GST registration.
What is the process to apply for GST registration?
There are two options available to you. You can either use the steps present here to apply for the same on your own or you can use GST Suvidha Kendra with a GST Suvidha Kendra Login if you are not sure about the process.
- Access the online portal created by the government and choose the ‘New Registration’ option.
- Now, you need to enter all the details asked on www.gst.gov.in like your name, PAN, email address, mobile number, and other details.
- The website will send you an OTP that you need to enter to complete the authentication step.
- Enter the details of your business like its name, bank details, and others along with the documents asked on the website.
- This will complete the registration process and you will get an Application reference number that you can use to track your application.
