GST Registration for small business in India

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The Goods and Services Tax (GST) in India is an all-encompassing indirect tax on the selling of goods and services. It is a tax based on the market value of the products or services and is collected at each stage of the distribution network. In India, the Goods and Services Tax (GST) is the successor to the Value-Added Tax (VAT), Central Sales Tax (CST), and Service Tax. GST is a big change in how taxes are collected and run in India, and it has a big effect on small businesses. Small businesses can have GST Registration for their benefit and important details for GST Registration for small business in India are mentioned in this article.

What is the eligibility criteria for GST Registration?

The Goods and Services Tax (GST) registration threshold for small enterprises is Rs. 20 lakhs per year. On the other hand, firms with an annual revenue of more than Rs. 20 lakhs must have GST Registration. The GST site makes it easy to register in a short amount of time. The first step in getting your business registered under GST is to apply for a GSTIN (Goods and Services Tax Identification Number), a 15-digit number that will serve as your company’s unique identifier.

Understand in detail at: Is GST Registration required for Startups?

What do you need to provide to get GST Registration Online?

The PAN (Permanent Account Number), business address, and bank account information are required for GST registration. The business owner must also give specifics about the company’s operations, including the goods and services it offers. After completing registration, a GSTIN will be granted to the company’s owner; this number must be included on all of the company’s invoices. For detailed document requirements and document preparation for GST Registration, you can contact our GST Experts at: 8881-069-069.

Other important information to know after registering under GST

GST Return Filing

Once registered, a business must submit GST returns on a regular basis. Businesses are required to file documents called GST returns that detail the GST they have received and paid. The GST portal is used for GST Return Filing. Depending on the circumstances, a company may need to submit one of many GST return forms (GSTR-1, GSTR-2, or GSTR-3). GST returns must be filed at varying intervals based on the company’s gross sales.

Input Tax Credit

The Goods and Services Tax (GST) system in India includes a mechanism called Input Tax Credit (ITC), which allows firms to recover the GST they’ve paid on their purchases. The GST on their sales can be reduced by this credit. In order to prevent enterprises from having to pay taxes on taxes, ITC is implemented. Input tax credit claims can be made on GST returns and can be used to reduce a company’s GST bill. ITC is a crucial part of GST since it allows companies to lower their tax bill and boost their profits.


In short, Registering for GST and filing frequent GST returns is mandatory for small enterprises with an annual revenue of more than Rs. 20 lakhs. The GST portal makes the registration process quick and easy. A registered small business must pay GST on all purchases but is entitled to an Input Tax Credit (ITC) on their GST returns. Therefore, small businesses can also get Voluntary GST Registration. In general, registering for GST is a system for compliance that can increase profits for small enterprises by allowing them to claim Input Tax Credit.

Take a call from Expert

GST Registration Process for NRI Business

moreover, If you want any other guidance relating to GST Return Filing or GST Registration online , please feel free to talk to our business advisors at 8881-069-069.

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