GST Registration

GST registration involves enrolling a business under the Goods and Services Tax (GST) regime, which is applicable in countries where GST is implemented. GST is a value-added tax system that replaces several indirect taxes levied by both the central and state governments, simplifying and unifying the tax structure.

Businesses that surpass the prescribed threshold turnover are obligated to obtain GST registration. Upon registration, the business becomes a GST taxpayer and is assigned a unique Goods and Services Tax Identification Number (GSTIN). This GSTIN serves as the business’s legal identity for all GST-related transactions.

The GST registration process typically entails submitting various details and documents to the relevant tax authorities. Once registered successfully, the business is responsible for collecting GST from its customers on the supply of goods or services and can claim input tax credit on GST paid on purchases.