GST Registration in India
GST, Goods and Service Tax is an Indirect Tax which has subsumed earlier central and state govt. taxes to promote ease of doing business and single indirect tax structure for whole Country.
GST registration is mandatory for every entity involved supply of goods or services or both if aggregate turnover exceeds the specified limit. Businesses not having GST Registration would not be able to collect GST from their customers or claim input of GST paid on their inputs (goods) or services for business.
As per GST law it is mandatory for the business entity to apply for GST registration within 30 days from the date on which business entity become liable to obtain GST Registration. As per GST Law threshold limit of aggregate turnover for Northeastern and hill states is Rs. 10 lakhs and above which business entity required to obtain GST Registration and for all other states the threshold limit is Rs. 20 lakh on crossing of limit business entity required to obtain GST Registration
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