GST-Registration

The Goods and Services Tax (GST) is now into force and is applicable to all businesses in India. If you provide a service or sell a good, you are liable to charge GST on it. The GST rates vary from industry to industry. The requirement to file GST returns also depends upon the kind of business you are in. But whatever might be the case, you need to register for GST and file GST returns as per the government deadlines.

GST Registration is a process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN). This is a 15-digit number assigned by the central government after the taxpayers obtain registration.

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What are the benefits of registering under GST?

Central Objective

For normal registered businesses

- Operate business without restrictions in different states
- Avail input tax credit

Ensures Quality

For composition dealers

- Lower impact on working capital
- Limited compliance as compared to other taxpayers
- Less tax liability

Client Satisfaction

For businesses that voluntarily opt-in for GST registration

- Operate business without restrictions in different states
- Avail input tax credit
- Competitive advantage compared to other businesses

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