GST REGISTRATION

GST registration is mandatory for businesses in India whose turnover exceeds a certain threshold, currently ₹20 lakhs (₹10 lakhs for special category states). Here are key points about GST registration:

1. Eligibility: Businesses involved in the supply of goods or services, e-commerce operators, and those required to deduct tax at source must register.


2. Process: Registration can be done online through the GST portal. Required documents typically include PAN, proof of business registration, bank account details, and identity/address proof of the owner.


3. GSTIN: Upon successful registration, a Goods and Services Tax Identification Number (GSTIN) is issued, which is essential for compliance.


4. Benefits: Registered businesses can collect GST, claim input tax credits, and expand their market reach.


5. Compliance: After registration, businesses must comply with filing returns regularly, maintaining records, and adhering to GST rules.
 

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