When is GST Registration Mandatory in India? #Turnover Criteria:-All taxpayers who have an annual turnover above 40 lakhs are required to get new GST registration. For Service supply, Turnover limit is 20 lakhs. #Causal taxpayer:-If you supply goods or services in events/exhibitions where yo...
The time taken for GST registration can vary depending on the accuracy and completeness of the documents submitted. Typically, the process can take anywhere from 2 to 6 working days. However, delays can occur if there are discrepancies in the information provided or if additional documents are re...
GST Registration Online: Process, Eligibility, Limit, Fees, Documents Required & Penalties August 15, 20248 Mins Read GST Registration is mandatory for certain businesses in India. Read this article to understand the eligibility criteria for GST registration in India. ...
You should also go ahead with the GST registration if you meet one of these eligibility criteria: Pre-registered businesses: Businesses already registered to pay taxes pre-GST. Casual taxable person: You’re a non-resident or occasional interstate trader. Non-resident taxable person: You’re a ...
GST Registration Criteria Responsibilities of Taxable Persons Frequently Asked Questions (FAQs): GST Definition of Taxable Person Under GST regulations, the term “person” encompasses many entities, all of which may be classified as a person liable for registration. This includes: ...
There are certain eligibility criteria as under for refund of unutilized ITC: ELIGIBLE PERSONS Exporter of Goods / services Supply to SEZ unit or Developer Rate of tax on Inputs > rate of tax on outputs (other than nil rated or fully ...
TAXREGISTRATIONTIN_INfor the VAT registration number; TAXREGISTRATIONPAN_INfor the PAN number. Add the custom fields to receipt profiles. Enable searching customers by tax registration numbers in POS To enable searching customers by tax registration numbers in POS, on thePOS search criteriatab of the...
Eligibility Criteria Who is Required? Documents required Process GST Registration Fees GST Renewal Why Vakilsearch FAQs GST is an indirect tax reform in India. It was introduced on 1 July 2017. It replaces excise duty, service tax, and value added tax (VAT) with a unified tax system. GST ...
GST registration is a mandatory requirement for businesses involved in the supply of goods, and the threshold for registration varies based on specific criteria. Here are the key points: The threshold for Goods Suppliers: Businesses that supply goods with an annual turnover exceeding INR 40 lakh ...
Will my business require GST Registration? Find out using GST Registration criteria checker. Know MoreHello, Welcome to TaxSahib We are here to help you on various legal and regulatory requirements, which you probably don't know, for starting and growing your business with ease, at very gen...