Book MEETING

INCLUSION

  1. Completely managed GST Registration service until obtaining GST Registration Certificate
  2. Professional Expert Support
  3. Free first filing of GST Return
Name

In India, the Goods and Services Tax (GST) registration is mandatory for businesses meeting certain criteria. As of my last update, here’s a breakdown:

  1. Turnover Limit:
    • For businesses operating within most states of India, the turnover limit for mandatory GST registration is INR 40 lakhs (INR 10 lakhs for Special Category States).
    • For businesses engaged in the supply of goods, the turnover limit for mandatory registration is INR 20 lakhs (INR 10 lakhs for Special Category States).
    • Certain categories of businesses, such as e-commerce operators, are required to register for GST regardless of turnover.
  2. Types of GST Registration:
    • Regular GST Registration: Businesses with a turnover above the threshold limit need to register under this category.
    • Composition Scheme: Small businesses with a turnover up to INR 1.5 crore can opt for this scheme. They have to pay a fixed percentage of turnover as tax and cannot avail input tax credit.
    • Casual Taxable Person: Individuals or businesses making occasional taxable supplies in a taxable territory where they don’t have a fixed place of business.
    • Non-Resident Taxable Person: Individuals or businesses located outside India making taxable supplies in India.
    • Input Service Distributor (ISD): This registration is for businesses that have multiple business verticals and want to distribute the input tax credit to different branches.
    • TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) Deductor: Entities responsible for deducting or collecting tax at source.
    • UN Bodies, Consulates, Embassies: Special provisions are made for registration of these entities under GST.
    • OIDAR (Online Information Database Access and Retrieval) Services: This registration is for businesses providing online services from a place outside India to a person in India.
    • Agents of Taxable Person: Individuals or businesses who are agents representing a taxable person in India.

These are the primary types of GST registrations in India, covering various scenarios based on the nature and scale of business operations. Always consult with a tax professional or visit the official GST portal for the latest updates and requirements as regulations may have changed since my last update.