1. What is GST?
GST (Goods and Services Tax) is a comprehensive indirect tax levied on the manufacture, sale, and consumption of goods and services throughout India. It replaces multiple taxes levied by the central and state governments.
2. Who needs to register for GST?
You must register for GST if:
Your aggregate turnover exceeds ₹40 lakhs (₹20 lakhs for special category states) for goods.
Your service turnover exceeds ₹20 lakhs (₹10 lakhs for special category states).
You are involved in interstate supply, e-commerce, or are a casual taxable person or non-resident taxable person.
You’re required to register under reverse charge or input service distributor provisions.
3. What documents are required for GST registration?
You typically need:
PAN card of the business
Aadhaar card of directors/partners/proprietor
Proof of business registration/incorporation certificate
Address proof of business (rent agreement or utility bill)
Bank account details (cancelled cheque or bank statement)
Digital signature (DSC) (for companies/LLPs)
4. How long does it take to get a GSTIN?
Once the application and documents are submitted correctly, it usually takes 7-10 working days to receive the GSTIN (Goods and Services Tax Identification Number).
5. What is the cost of GST registration?
GST registration is free of cost on the GST portal. However, if you opt for professional assistance, there may be consultancy charges.
6. Is GST registration mandatory for a new business?
No, not always. It depends on:
However, voluntary registration is allowed and may be beneficial for claiming input tax credit.
7. What is the GSTIN?
GSTIN (Goods and Services Tax Identification Number) is a 15-digit unique ID issued after successful registration under GST.
8. Can I operate multiple branches under one GSTIN?
Yes, but branches in different states must have separate GST registrations. For multiple branches in the same state, you can declare them under the same GSTIN.
9. What happens if I don’t register for GST when required?
Failure to register can result in:
Penalties up to ₹10,000 or the tax amount due (whichever is higher)
Ineligibility to collect GST or claim input tax credit
10. Can I cancel my GST registration later?
Yes. You can apply for GST cancellation if:
11. What is the composition scheme?
A simplified GST scheme for small businesses with turnover up to ₹1.5 crore. You pay tax at a fixed rate but cannot claim input tax credit or issue tax invoices.