Any business in Punjab with annual turnover above ₹40 lakhs (₹20 lakhs for services) or involved in interstate supply, e-commerce, or reverse charge mechanism must register for GST.
2. Is GST registration mandatory for small businesses in Punjab?
It is mandatory only if turnover exceeds the threshold or the business involves interstate or online supply. However, small businesses can also register voluntarily for benefits like input tax credit.
3. How long does GST registration take in Punjab?
Once the application and documents are submitted correctly, GST registration is usually approved within 3 to 7 working days.
4. What documents are required for GST registration in Punjab?
PAN card, Aadhaar card, photograph, business address proof, and bank details are generally required. For companies, incorporation documents and board resolution are also needed.
Yes, GST registration can be done online at www.gst.gov.in. However, many prefer professionals to avoid errors and delays.
6. What is the cost of GST registration in Punjab?
The government does not charge any fee. If you hire a consultant or agency, professional service charges may apply.
7. Can I cancel my GST registration if my business closes?
Yes, you can apply for cancellation of GST registration online through the GST portal if your business has closed or no longer meets eligibility.