1. What is GST registration?
GST registration is the process of enrolling your business under the Goods and Services Tax system to get a unique GSTIN for tax compliance.
2. Who needs to register under GST?
Any business whose turnover exceeds the threshold limit or falls under specific categories (like interstate supply or e-commerce) must register.
3. What is the threshold limit for GST registration?
4. Can I register for GST voluntarily?
Yes, even if your turnover is below the limit, you can voluntarily register to avail input tax credit and improve business credibility.
5. How long does it take to get GSTIN?
It usually takes 7 working days after successful submission and verification of your application and documents.
6. What documents are required for GST registration?
PAN card, Aadhaar card, business address proof, bank details, and a passport-size photo.
7. Is GST registration free?
Yes, there is no government fee for GST registration. However, consultants may charge for their services.
8. What is a GSTIN?
GSTIN stands for Goods and Services Tax Identification Number. It is a 15-digit unique number assigned to each registered taxpayer.
9. What happens if I don’t register under GST?
You may face penalties, lose input tax credit, and be unable to legally collect tax from customers.
10. Can I cancel my GST registration later?
Yes, you can apply for cancellation if your business closes, or if turnover goes below the limit and you no longer wish to be registered.