What is GST Registraion
Every business whose turnover exceeds Rs. 40* lakhs (Rs. 10 lakhs for NE and hill states) required to register as normal taxable person.
Registration under GST is compulsory for some Organizations. If such Organization carries business without registering under GST, it will be an offence and liable for penalties under GST ACT.
We’ll help you to register for GST in 3 easy steps.
Who Should Register for GST?
Individuals registered under the Excise/Service/VAT.
Businesses whose turnover above Rs. 40 Lakhs* (Rs. 10 Lakhs for NE States)
Casual Taxable Person or Non Resident Taxable person (CTP/ NRTP)
Every e-commerce operator
Person selling through e-commerce platform
Agents of supplier
Input Service Distributor (ISD)
Person Paying tax under Reverse Charge Mechanism (RCM)
Penalty for not registering under GST
penalty will be levied at 10% of the tax amount due subject to a minimum of Rs.10,000 for not paying tax or making short payments (genuine errors).
The penalty will be levied at 100% of the tax amount when the offender has evaded paying taxes