Whether it is GST Registration or GST Migration, we are quick enough to register without any hassle. As per the GST law, business whose turnover exceeds 40lakhs other than the northeast states is required to register as a taxable person.
Under Composition scheme: Small Businesses having annual turnover less than Rs 1.5 Crores. This scheme is a lucrative option for all SMEs who want lower compliance and lower rates of taxes under GST.
Under Normal Scheme: Mandatory for businesses, if annual turnover more than Rs 1.5 Crores. Eligible to take Input Credit and Make Interstate sales without restriction.
For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply.
Yes. You have to keep updating the government about your business by filing returns of respective tax to the respective department within stipulated time. At TaxSamaj, you don’t need to worry about this, as we will do it for you.
A business entity that is currently registered under any of the existing tax regimes then it is compulsorily required to migrate under GST law irrespective of the threshold limits.The following central and state level tax regimes will end with introduction of Goods and Service Tax (GST).
Central Excise duty
Service Tax
State VAT
Central Sales Tax
Entry Tax (all forms)
Luxury Tax
Entertainment and Amusement Tax (except when levied by the local bodies)
Purchase Tax
State Surcharges and Cesses so far as they relate to supply of goods and services
Taxes on lotteries, betting and gambling
But if you are supplying goods and services and not registered under any existing tax legislative then you are liable to register only if the aggregate turnover in any financial year exceeds the threshold limit. The existing threshold limit specified by the GST council is 40 lakhs for all the states except for the North Eastern States where the limit is 20 lakhs.
After receipt of all necessary documents through email/WhatsApp, It takes 3-6 working days to process GST Registration in India. The timeline may vary depending on replies from GST department portal & available documents from the client side.
Any business having a turnover of Rs. 20 Lakhs or more in a financial year
Any business having a turnover of Rs. 10 lakhs or more in a financial year (For North Eastern States)
Already registered business under Central Excise, VAT or Service Tax( operating online/offline)
A non-resident taxable person operating his or her business in India
Vendors selling online through e-commerce platforms
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