Criteria for GST Registration
Criteria | Threshold / Requirement |
---|---|
Annual Turnover (Goods) | Exceeding ₹40 lakh (₹20 lakh for special category states) |
Annual Turnover (Services) | Exceeding ₹20 lakh (₹10 lakh for special category states) |
E-commerce Operators | Mandatory, regardless of turnover |
Inter-State Suppliers | Mandatory, regardless of turnover |
Casual Taxable Persons | Mandatory, regardless of turnover |
Non-Resident Taxable Persons | Mandatory, regardless of turnover |
Businesses under Reverse Charge Mechanism | Mandatory |
Input Service Distributors | Mandatory |
1
Fill out Form GST REG-01 online via GST portal
2
Submit PAN, proof of business, identity, and bank details
3
Authorities verify details and request additional documents if required
Once verified, the GST registration is activated
4
Unique 15-digit GST Identification Number (GSTIN) is allocated
1
Fill out Form GST REG-01 online via GST portal
2
Submit PAN, proof of business, identity, and bank details
3
Authorities verify details and request additional documents if required
4
Unique 15-digit GST Identification Number (GSTIN) is allocated
Once verified, the GST registration is activated
Once registered, businesses must ensure continuous compliance with GST laws.
Compliance Requirement | Details |
---|---|
GST Return Filing | Monthly, Quarterly & Annual filings (GSTR-1, GSTR-3B, GSTR-9) |
Invoice Issuance | Proper GST invoices as per GST law |
Input Tax Credit (ITC) | Claim eligible ITC with accurate documentation |
GST Payments | Timely GST payments to avoid penalties |
GST Audits | Maintain proper records for audit compliance |
E-Way Bills | Required for transportation of goods above prescribed limits |
Return Type | Purpose | Frequency | Due Date |
---|---|---|---|
GSTR-1 | Details of outward supplies | Monthly/Quarterly | 11th of next month / Quarterly |
GSTR-3B | Summary of sales, purchases, ITC, and tax paid | Monthly/Quarterly | 20th of next month |
GSTR-9 | Annual return consolidating all transactions | Annually | 31st December of next year |
Update | Impact |
---|---|
Presumptive Taxation Extended | Now applicable to non-resident service providers in electronics manufacturing |
Revised Deduction Limits | Increased rebate under Section 87A to ₹50,000 |
GST Act Amendments | Enhanced compliance measures and return filing guidelines |
E-Invoicing Threshold Reduced | Mandatory for businesses with turnover above ₹5 crore |
Feature | Tax360 Advantage |
---|---|
Expert Support | Experienced tax professionals to guide you through registration and compliance |
Hassle-Free Process | End-to-end assistance with document preparation and submission |
Cost Act Amendments | Ensure all returns and payments are filed on time to avoid penalties |
E-Invoicing Threshold Reduced | Tailored solutions based on your business needs |