Overview of GST
The Goods and Services Tax (GST) is an indirect tax levied on the final consumer of goods and services. Introduced on July 1st, 2017, it replaced multiple taxes to create a "One Nation, One Tax" system.
GST registration is mandatory for businesses with an annual turnover of more than ₹40 Lakhs (₹20 Lakhs for special category states) and for certain businesses like e-commerce operators regardless of turnover.
Documents Required
Certificate of Incorporation
Company PAN Card
Articles of Association (AOA)
Memorandum of Association (MOA)
Director's PAN & Aadhar
Address Proof of Office
Benefits of GST Registration
- Input Tax Credit (ITC): Claim credit on tax paid on purchases to reduce overall tax liability.
- Interstate Trade: Conduct business across state borders without restrictions.
- E-commerce Eligibility: Mandatory for selling on platforms like Amazon, Flipkart, etc.
- Legal Recognition: Increases business credibility and reliability.
- Composition Scheme: Small businesses (turnover up to ₹1.5 Cr) can pay lower fixed tax rates.
What is GSTIN?
GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit number assigned to every GST-registered taxpayer.
Structure of GSTIN:
- First 2 digits: State Code (e.g., 07 for Delhi, 08 for Rajasthan)
- Next 10 digits: PAN Card Number of the taxpayer
- 13th digit: Entity Code (Number of registrations within the state)
- 14th digit: Default Alphabet 'Z'
- 15th digit: Check Code (for error detection)
Discuss your requirement
Tell us about your business and we will explain the process, documents and timelines.