GST Registration with Paper Tax: Your Trusted Partner
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. Introduced on July 1, 2017, GST has revolutionized the Indian taxation system, aiming to unify the country's market. For businesses, GST registration is a crucial step to ensure compliance with the law. In this blog, we will guide you through the process of GST registration and why it's essential for your business. What is GST Registration? GST registration is the process by which a business gets registered under the GST law. Once registered, a unique Goods and Services Tax Identification Number (GSTIN) is assigned to the business. This 15-digit number is crucial for all GST-related activities, including tax filing and claiming input tax credit. Who Needs to Register for GST? GST registration is mandatory for: · Businesses with an annual turnover exceeding ₹20 lakhs (₹10 lakhs for special category states). · Individuals making inter-state supply of goods and ser...