GST Registration Process Eligibility amp Documents required
18/03/2024 Others
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Description
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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