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Is GST registration necessary for a new business?

Submitted by LegalWizin on Sat, 11/09/2019 - 10:32

Normally abbreviated as ST, Service Tax in India is now Goods and Service Tax (GST). GST Registration is applicable to many entities based on the criteria of turnover or nature of business.

To know if GST would be applicable for your business, get in touch with expert at LegalWiz.in today or visit us at https://www.legalwiz.in/gst-registration-india

Below mentioned are general criteria for mandatory registration:

  • If the total business turnover exceeds ₹ 20 Lakh in the concerned financial year (Threshold for the North-eastern States is ₹ 10 Lakh)
  • Casual taxable person / Non-Resident taxable person
  • Agents of a supplier & Input Service Distributor (ISD)
  • Electronic Commerce Aggregator
  • The person supplying through an E-commerce platform

For personalised assistance, feel free to be in touch with experts at LegalWiz.in on 1800-313-4151 or support@legalwiz.in