GST Registration

Original price was: ₹1,500.00.Current price is: ₹1,350.00. (incl. of taxes)

Reasons why GST registration is required and the different types of GST registration:

  • Why is GST registration required?
    • GST registration is required for businesses that meet certain thresholds, such as annual turnover or number of employees.
    • GST registration is also required for businesses that sell goods or services across state borders.
    • GST registration is a mandatory requirement for businesses that want to avail of the benefits of the GST network.
  • Types of GST registration:
    • Regular taxpayer: This is the most common type of GST registration. It is required for businesses that have an annual turnover of more than ₹20 lakh.
    • Composition taxpayer: This type of GST registration is for businesses with an annual turnover of up to ₹1.5 crore. Composition taxpayers pay a fixed percentage of their turnover as GST.
    • Non-resident taxable person: This type of GST registration is for businesses that are not located in India but have taxable supplies in India.
    • Special category taxpayer: This type of GST registration is for businesses that are located in the special category states of Jammu and Kashmir, Himachal Pradesh, Uttarakhand, and the northeastern states.