GST Registration for Small Business in India


GST Registration for Small Business in India

"Call Our Business Plan Experts at +91-72999-72500"


GST is a revolutionary reform in the taxation system in India. It has given a significant boost to start-ups and small businesses in terms of its easy compliances, ease of operations, and reduced taxes, thereby providing them more financial freedom. However, a number of small businesses are not aware about all the benefits that come along with GST registration. In this article, we will take you through everything that a small business needs to know about GST.

In order to get registered underGST, your business must meet certain eligibility criteria. According to the guidelines, businesses belonging to the manufacturing sector must have a turnover of over Rs 40 lakh to register for GST, while in the service sector, the amount must be Rs 20 lakh or more.

Once you are eligible, the process is relatively simple and can be completed in a few steps. Firstly, you need to submit your documents and proofs for eligibility. You can do this by visiting the official website of the GSTN. Once the application has been processed, you will receive an ARN via SMS and email that you can use to track your status. Besides the eligibility criteria, there are other requirements that must be fulfilled in order to complete the GST registration process. 

 

 

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