GST registration is mandatory for all businesses in India who meet ANY of these criteria:
– Annual Sales greater than Rs. 20 Lakh or,
– Making sales outside your own state or,
– E-commerce Seller
GST registration will give you these benefits:
– You will be authorize to collect Taxes from your customers and pass on the credit of the Taxes paid to them,
– You can claim Input Tax Credit of Taxes paid to your suppliers and can utilize the same for payment of Taxes due.
– Continuous flow of Input Tax Credit from suppliers to recipients at the national level.
GST registration cost is only ₹ 1,499/-.
– GST Certificate with GSTIN number
– GST HSN Codes with rates
– GST Invoice formats
GST registration typically takes between 3-4 working days.