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GST registration
process is all about obtaining a Goods and Services Tax Number (GSTN). It is imperative for individuals and firms
that are engaged in the supply of goods or services within India. The mandatory
registration threshold is an aggregate turnover exceeding an amount of Rs. 40
lakhs, and for states falling under the special category, it is Rs. 20 lakhs.
The Ministry of Finance has streamlined the registration process to simplify
tax filing. Once registered a business is issued a unique GST identification
number, allowing it to collect and remit GST on sales.
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Ad Detail: GST Registration Process: Eligibility & Documents required
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