GST registration services

Description

GST (Goods and Services Tax) registration is a legal process for businesses and individuals to register under the GST regime, which is a comprehensive indirect tax applied on goods and services in India. Once registered, a unique GSTIN (Goods and Services Tax Identification Number) is issued. This registration is mandatory for businesses with an annual turnover exceeding the prescribed threshold or for those engaged in interstate trade.

Features of GST Registration:

1. Unique GSTIN: A 15-digit identification number that helps track GST payments and filings.
2. Compliance: Mandatory for businesses to comply with tax regulations, ensuring proper tax collection and input tax credit.
3. Input Tax Credit: Businesses can claim a refund on taxes paid during procurement, reducing their tax burden.
4. Nationwide Validity: The GSTIN is valid across India, simplifying interstate business operations.
5. Multiple State Registration: For businesses with branches in different states, separate GST registration is required in each state.