GST Registration

GST Registration is the process where your business gets a unique 15-digit number (GSTIN) from the government, making you a legal supplier of goods/services under GST law. This allows you to collect GST from customers and claim credit for GST you’ve already paid on business purchases. .

businesses supplying services must register if their aggregate turnover exceeds ?20 lakh in a financial year (?10 lakh in special category states), while businesses supplying goods generally must register if turnover exceeds ?40 lakh (?20 lakh in some states, subject to conditions). GST registration is also mandatory for certain cases such as interstate taxable supplies, e-commerce operators, and persons liable under reverse charge provisions. Once registered, the business must charge GST on taxable supplies and comply with GST return requirements. GST is levied mainly at 5%, 18%, and 40% depending on the nature of goods or services. Essential goods and services such as fresh fruits and vegetables, healthcare services, educational services, and some agricultural activities are either exempt (0% GST) or taxed at lower rates. standard goods and services often fall under 18% or 40% GST. Luxury items and certain special products may attract 40% GST.