Businesses must register as regular taxable persons under the Goods and Services Tax (GST) if their annual revenue exceeds the threshold limit of Rs. 40 lakhs (in case of goods), Rs. 20 lakhs (in case of services), or Rs. 10 lakhs, as applicable. GST registration is the term for it.

It is mandatory to generate the GSTIN if annual turnover exceeds the above prescribed limit. If the company conducts business without registering for GST, it is an offence and faces severe penalties.

It typically takes 4 to 6 working days to register for GST. In 3 simple steps, Team Online Legal India can assist you in obtaining GST registration more quickly.

We can help, you seek legal advice from Tax Solution and make this entire process seamless.

What is a GST Return?

A GST return is a record of income that must be submitted to the tax authorities in accordance with the legislation. A taxpayer is required by the GST law to submit two GST returns, either monthly/quarterly and one return each year (if applicable). All tax returns must be submitted electronically.

What is GSTIN?

Each GST taxpayer receives a different identification number or GSTIN. Anyone with a GST number can access the GST portal to validate a GSTIN number.

What is GSTN?

The Goods and Service Tax Network (GSTN) is a section 8 (non-profit) private limited business that operates outside of government. GSTN serves as a one-stop shop for all of your indirect tax needs. To assist you in preparing, filing, amending returns and paying your indirect tax bills, GSTN is in charge of managing the Indirect Taxation platform for GST.