1. Is GST registration mandatory for all startups?
No. It’s only mandatory if your startup’s turnover exceeds ₹40 lakhs (₹20 lakhs for services) or if you sell interstate or through e-commerce platforms. However, voluntary registration is allowed and often beneficial.
2. What is the benefit of voluntary GST registration for a startup?
Voluntary registration allows you to claim input tax credit, build business credibility, and work with bigger clients who require a valid GSTIN.
3. How long does it take to get GST registration?
If all documents are correct, you can receive your GSTIN within 7–10 working days after submitting your application online.
4. Is GST registration free of cost?
Yes, GST registration is free on the official government portal. However, if you hire a professional, they may charge a service fee.
5. Can a startup apply for GST registration without a physical office?
Yes. You can register using your home address or a co-working space. Just ensure you have valid address proof like a rent agreement or utility bill.
6. What is a GSTIN?
A GSTIN (Goods and Services Tax Identification Number) is a 15-digit unique number assigned to your business after successful GST registration.
7. Can I run my startup without GST registration?
Only if your turnover is below the threshold and you don’t engage in interstate trade or e-commerce. Otherwise, you risk penalties and business restrictions.
8. What happens if I don’t register for GST when required?
You may face penalties of ₹10,000 or more, legal issues, and even business disruption for non-compliance with GST laws.
9. What are the GST return filing requirements for startups?
Once registered, you must file monthly or quarterly returns like GSTR-1, GSTR-3B, and an annual return (GSTR-9), depending on your business type.
10. Can I cancel my GST registration if I stop my business?
Yes. You can apply for cancellation online if your business closes or becomes ineligible for GST.