New GST Registration

GST registration applies to all individuals and entities supplying goods or services in India. GST registration becomes mandatory when the aggregate value of supplying goods exceeds Rs. 40 lakhs. The Ministry of Finance (MoF) has simplified the GST registration procedure to ease the tax filing process.

1. Exceeds Rs.10 lakh      Yes – For Special Category States.
2. Exceeds Rs.20 lakh      Yes – For Normal Category States.

Types of GST Registration:

1. Compulsory Registration. Under certain situations, the dealer must take Compulsory Registration under GST irrespective of the turnover.
2. No Registration.
3. Registration under Composition Scheme.
4. Voluntary Registration.