Description
Registration will confer the following advantages to a taxpayer:Â He is legally recognized as supplier of goods or services. He is legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory.
Can I do GST registration myself?
GST registration can be easily done on the online GST portal. Business owners can fill a form on the GST portal and submit the necessary documents for registration. Businesses must complete the GST registration process.
Businesses and individuals are exempt from GST if their annual aggregate turnover is less than a specific amount. … The GST exemption for businesses engaged in supply of services has remained at Rs. 10 lakh for hilly and northeastern states/20 lakhs for all other states
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