GST registration is a mandatory compliance (sometimes voluntary) where your business needs to be registered with GST department within 30 days of crossing the threshold limit.
Every Manufacturer, Trader or Service Provider should get GST Registration if his turnover exceeds specified limit in a financial year. For example, in Maharahtra – Turnover limit is Rs.40 lakh for sale of goods and Rs.20 lakh for service providers.
There are several other persons who MUST get GST Registration even if turnover is less than Rs.40/20 lakh. For example, Inter-State supply of Goods or Service.
Every person who is liable to get GST Registration shall apply for registration within 30 days from the date he becomes liable for registration.
Voluntary GST Registration can be taken without any of the above prescribed limits.
Penalty for Not Registering or Late Registering under GST – Rs.10,000 or amount of tax evaded whichever is higher.
Get GST complied with us at lowest charges in India.