GST Registration in India: Everything You Need to Know for Your Business
1. Introduction to GST Registration India – The Goods and Services Tax (GST) is a unified indirect tax system introduced by the Indian Government on July 1, 2017, to simplify and streamline the country's tax structure. GST replaced multiple indirect taxes such as Value Added Tax (VAT), Central Excise Duty, and Service Tax, aiming to create a single taxation regime for increased efficiency and ease of collection. GST Registration India is a critical process for businesses operating in India, as it provides a unique 15-digit Goods and Service Tax Identification Number (GSTIN) that serves as proof of legal compliance and facilitates the filing of GST returns. The registration process is mandatory for businesses with an annual turnover exceeding Rs. 40 lakh (Rs. 20 lakh in special category states). 2. Eligibility Criteria for GST Registration India – 1. Manufacturing Sector: Businesses with an annual turnover exceeding Rs. 40 lakh must register for GST. 2. Ser...