GST Registration

 GST registration is the official procedure for businesses to enroll in India’s Goods and Services Tax framework. Following registration, the government assigns a unique 15-digit GST Identification number. This allows businesses to collect tax from customers and claim input tax credits on their business expenses. 

 Businesses with an annual turnover exceeding 40 lakhs in goods or 20 lakhs in services must register for GST. There is no turnover cap for businesses operating e-commerce platforms like Amazon or Flipkart, or for companies engaged in interstate supplies and liable to pay tax under the reverse charge mechanism.  

•  GST Registration is a mandatory legal requirement; non-compliance can result in significant penalties.  
•  It also permits you to claim Input Tax credit, which lets you subtract the taxes you paid on business purchases from the taxes you owe on your sales.  
•  Registering for GST enhances a business's credibility.  
• The GST registration process is fully digital and done through the official government portal.