The most fundamental requirement of the tax authorities to identify taxpayers, is through their registration number. Thus, unless a person is registered under the tax regime, he can neither collect tax from others, nor can he get input credit for the tax paid by him, which can be utilized to set off his future tax liability.
Where the total taxable supply of goods and services or aggregate turnover of a supplier exceeds the following threshold limit, registration is compulsory.
|Threshold limit of aggregate turnover(in Rs.)
|Special category states
However, GST registration is
compulsory for certain category of suppliers irrespective of the threshold limit. They are:
Before GST, the manufacturer of goods had to obtain multiple registrations. One, under Central Excise Laws in case he is a manufacturer, and then further under VAT if trading in goods or Service Tax if engaged in providing services. However, under GST, the registration process is simple- i.e., just one registration per state, i.e., if a business entity has its branches in multiple States, then it will have to obtain registration for each branch in their respective states. In addition, there is no need for the taxpayer to obtain a separate registration under central government, i.e. single registration for all taxes- CGST, SGST/UTGST, IGST and cesses. So, the tax payers need not keep track of multiple registration numbers under Central registration and state registration for various indirect tax laws- just one GSTN* [unless the registration for multiple states obtained]. In short, GST is a PAN based and state specific tax.
Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.
Unilex is registered with the Ministry of Micro, Small & Medium Enterprises (MSME), a part of Government of India.
Unilex is a ISO certified body, assuring the quality professional services to aspiring startups
Subject to our terms and conditions, money back is guaranteed if we failed to give 100% customer satisfaction
Unilex is a Google Partner. Google Partners are tasked with helping businesses market their service or products online.
Get yourself updated with various start-up/Entrepreneurship laws applicable in India. Dive into our well written articles/blogs by our experts and get more information on government regulations and company rules and regulations.