GST (Goods and Services Tax) Registration is mandatory for businesses whose annual turnover exceeds the prescribed limit or who are engaged in interstate supply of goods and services. A registered business receives a unique GST Identification Number (GSTIN) and can legally collect GST from customers.
What is GST Registration?
GST Registration is the process of obtaining a GSTIN from the Government of India. It allows businesses to collect GST, claim Input Tax Credit (ITC), and comply with GST laws.
Who Should Register for GST?
- Businesses exceeding the prescribed turnover limit.
- Interstate suppliers of goods or services.
- E-commerce sellers.
- Casual taxable persons.
- Input Service Distributors (ISD).