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Gst Registration

GST is a product of the biggest tax reform in India which has significantly improved the ease of doing business and also expanded the taxpayer base in India by covering lakhs of small businesses under a uniform tax system. With the introduction of GST in India, the complexities of tax have reduced considerably. Since multiple tax systems have been abolished and subsumed into a single, simpler tax system under GST.

Benefits of GST registration

GSTIN is a unique 15-digit code that is allotted to every taxpayer in India having valid GST registration. It is a unique code that is allotted to each taxpayer based on the state and PAN. GSTIN is mandatory for businesses when the annual turnover is more than Rs 20 lakhs. It is necessary to obtain GSTIN if the business is running a business e-commerce platform.

GST registration is mandatory once the entity is crossing the minimum threshold turnover or when the individual starts a new business that is expecting to exceed the prescribed turnover.

Gst Registration.

 

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