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All you need to know about GSTRegistration
GST Registration is applicable onall goods and services except Petroleum products as of now. GST (Goods &Service Tax) is a consolidated tax, which essentially means that State andCentral Indirect taxes have been merged. Entire country now operates under auniform tax system. It now replaces service tax, excise, VAT, entertainmenttax, luxury tax, octroi, CST etc.
GST Registration Process in Indiais completely online. It requires no manual intervention or no physical papersubmissions. A very simple procedure has been prescribed for GST Registration.
GST Registration is compulsoryfor traders, manufacturers, businesses, individuals, professionals etc, whoseturnover (sales) exceed INR 20 Lakh. If your sales are less than INR 20 Lakh,you may also voluntarily opt for GST Registration in case you wish to avail thebenefits of Input Tax Credit. In northeast states, this limit is INR 10 Lakh. Further, all persons who make interstatepurchase or sales of services or goods have to apply for GST registration.Above limits do not apply to them.
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