All About How to Register GST in India by Any Liable Taxpayer!

Now, we are active in a well-regulated GST regime in India, since promulgation of the GST Act in July 2017. The GST (Goods and Services Tax) has eliminated the cascading complexities of the various indirect taxes in the country, and has made the whole country a single market for various goods and services. Today, GST registration is mandatory for every liable taxpaying individual and company/firm, under the appropriate category. Now, registering GST is absolutely necessary for paying due taxes to the Government and claiming the input tax credits (ITC).
This concise blog offers relevant information about how to register GST in India by a taxpayer person or economic entity, falling under any of the diverse categories of taxpayers.

Now under the current GST regime, there is required only a single GST (collected at multiple stages) for any specific product or service in the entire country. Now, there is no need of dealing with many different indirect taxes like sales tax, VAT, service tax, central excise, customs duty, entry tax, entertainment tax, luxury tax, etc. The GST registration in India is provided under diverse categories of liable taxpaying individuals and entities. The main criteria for such categorization are the following in general --- the type of business transactions, the annual turnover, and the location of the business/service activities. The following are the major categories of GST taxpayers in India --- Normal Taxpayers; Inter-State Suppliers; Casual Taxable Persons; Non-Resident Taxable Persons; Composition Taxpayers; Input Service Distributors (ISDs); E-Commerce Operators; and TDS Deductors.  Our Delhi-based law firm offers expert and cost-effective guidance and services for registering GST in India by any category of taxpayers. Our full gamut of legal and advisory services to the Indian corporate world have been very prominent for over a decade. Every economic entity with over an annual turnover of ₹ One Million is now mandatorily required to get registration under GST Common Portal. This threshold for the people and entities located in North-Eastern States and other Special Category States, has been kept as ₹ Two Million.  

The GSTIN (Goods and Services Tax Identification Number) is granted to the applicant after completion of the proper registration under GST Network. This GSTIN is based on the PAN and location of the applicant, and is a unique 15-digit number code. Prior to logging onto the GST Common Portal, and thus creating a New User ID and Password thereon, an applicant is necessitated to first get a Provisional ID & Password from the concerned State Commercial Tax Department/CBEC. To get detailed information about how to register gst online, along with the exclusive information regarding the various documents required for gst registration, interested people or companies may visit the web-link: http://company-registration-india.weebly.com/gst-registration-portal.html