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Goods and Service Tax Registration

GST is an indirect tax that has been imposed in India to replace a number of levies. On the 29th of March 2017, the Indian Parliament enacted an online GST registration bill, which came enacted on the 1st of July 2017.

The threshold limit for GST registration is 40 lakhs for a supplier of commodities and 20 lakhs for a provider of services, according to revisions made at the 32nd council meeting. In addition, the North-Eastern States can pick between 20 lakhs and 40 lakhs in funding. You will be given a unique GSTIN after registering under this regime (Goods and Service Tax Identification Number). GST registration has several benefits. Continue to know how?

Importance of GST Registration in India

Acknowledgment: Consumers and suppliers would naturally see you as trustworthy if you are a registered individual or a corporation. It demonstrates that you are a trustworthy individual. A corporation or individual that has all of the necessary legal documentation and follows all of the laws and regulations makes a great first impression. registration makes it easier to reach out to suppliers and customers with confidence and fosters solid business relationships.

Face No Obstacles: If you are not registered for GST, you may experience certain difficulties. The Goods and Services Tax is implemented in a chain structure. A product may be monitored from manufacture through the supplier to wholesaler to retailer to customer. And, to prevent any roadblocks, everyone in this chain would want to be GST compliant. If you are not registered for GST as an individual or a firm, the authorities will be able to follow your actions, which might make it difficult for you to conduct business.

Helps in Legalities: If you are GST-registered and a firm or a person initiates legal action against you for whatever reason, you will have legal standing to fight back or defend your position. You cannot be regarded as a genuine business without the GST registration, and it may work against you in court.

You may Face Losses: If you are not registered for GST, authorities may seize your goods. If a taxable firm or individual is discovered to be not registered under GST, products are subject to seizure under Section 130 of the CGST/SGST Act. When things are taken in a company, it might result in a significant loss due to the possibility of damage to the seized commodities.

There might be a loss of merchandise or a delay in the confiscation of the commodities. You can’t make profit on those items, and you will be unable to manufacture or provide any goods until the confiscation concerns are resolved. This might result in a big financial loss. A tax officer has the authority to enter the premises where the commodities are housed and break open the door. The officer has the authority to break open any unit containing confiscated goods, such as an almirah, a cabinet, a container, or any other similar item. When things are seized, a more severe loss may occur if you cannot reclaim the goods entirely. Your business will be destroyed in such a case.

What are the Advantages of Registration under GST?

• Recognized as a legal seller of products or services.

• Accounting for taxes paid on input products or services that can be used to cover GST payable on the business’s provision of goods or services, or both.

• Legally permit you to collect tax from your customers and credit the taxes paid on the goods or services provided to customers or beneficiaries.

• As a result of the GST legislation, you will be entitled to a variety of other perks and privileges.

Who Should Register for GST?

Any tax paying firm or individual should register for GST under the new regime. Getting enrolled for GST is a straightforward process. It may be done using the GST site from any location with an internet connection. In and of itself, registering for GST is a simple procedure.

You may go to the GST portal, fill out all relevant information under the registration page, and send scanned copies of a few required papers. Your Online GST registration will be complete after the authorities verify your identification. It is critical to becoming GST registered, and the list below will help you determine whether you are required to do so.

• If you offer goods and services within the nation or export/import, your goods you need to register for GST in India.

• Suppose you are already registered under a different tax system, such as Service Tax, Excise, or Value Added Tax, you should register now.

• Suppose your firm has a revenue of Rs. Forty lakhs or more, you must register. (For northeastern states, the turnover barrier is Rs. 10 lakhs.)

• If you provide paid services/goods or sell products online.

• You need to register if you offer digital items such as software, SAS, or other similar applications.

• If you sell your products through an e-commerce aggregator, you need to register.

• If you live in India and occasionally offer products or services.

• If your company does not have a fixed presence within the country but deals in the provision of goods and services.

• When you pay taxes using the reverse charge method, instead of the traditional rule of the supplier of services or commodities paying the taxes, the receiver is responsible for them.

Cancellation of GST Registration

In the conditions specified in section 29 of the CGST/SGST Act, the competent officer may revoke any registration issued under this act. The appropriate officer may revoke the registration, either on his own initiative or in response to an application made in the specified form by the registered taxable person or his legal heirs in the event of such person’s death, in the manner and during the term stipulated. According to the registration requirements, an order for cancellation must be given within 30 days of receiving a response from SCN or the submission of an application for cancellation.

Contravention of any of the prescribed provisions of the CGST Act or the rules made thereunder, failure to file a return by a composition dealer for three consecutive tax periods or failure to furnish returns by a regular taxpayer for a continuous period of six months, and failure to commence business within six months of voluntary registration are examples of such circumstances. However, before canceling the registration, the competent authority must observe natural justice principles.


The registration procedure is easy to follow. The GST portal is simple to use, and you won’t need any help getting registered or understanding how to get a GST certificate. It contains comprehensive information on the various forms of GST and the many GST returns that must be filed.

The Indian government has launched the GST portal. It makes it possible for people to finish their tax forms online. It eliminates the need for the payer to visit the tax authorities by saving time and offering technical help. The GST portal is simple to use. It enables taxpayers to submit their GST returns without the aid of a professional. In India, the GST (goods and services tax) has primarily supplanted other indirect taxes. After being approved in 2017, the good and services tax legislation has been put into effect. GST is an indirect tax that applies to the entire country, transforming India into a single common market. A single tax is applied to the delivery of both commodities and services.

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