Goods & Services Tax Registration

Under the new tax regime of Goods and Services Tax, all persons involved in the supply of goods or services are required to obtain the GST Registration. Those who are not registered under GST shall not be allowed to collect GST from customers or claim input tax credit (ITC) on inward supply. It is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover.

When is GST Registration Mandatory?

• Turnover Exceeds INR 20 Lakh

If the aggregate turnover is more than INR 20 lakh (INR 10 lakh for North Eastern States), then GST registration is necessary and must be obtained within 30 days of reaching the threshold.

• Inter-state Sales

If your business is engaged in supplying of goods or services to customers in another state, then regardless of your turnover, GST registration has to be obtained before commencing any interstate trade.

• Compulsory Registration

For casual taxable person GST registration, or those need to pay tax on RCM, Non-Resident taxable person, Input Service Distributor, E-commerce Operator etc., it is compulsory to get the GST registration irrespective of the turnover.

• If Registered Under Old Law

If a person was registered under any previous law of indirect tax, it is required to migrate to GST.

MYDBIZ is the market leader in GST Registration services in India. Before we get started with the engagement, all the required information and documents are collected. An engagement manager would be assigned who will be the point of contact till the engagement is completed. The average time required to complete a GST Registration is 6-8 working days depending on the government processing time and client document submission.

For more information, feel free to contact us at info@mydbiz.com or call us at +91 9632 993 993.