GST Registration
GST (Goods and Services Tax) registration is mandatory for businesses in India that meet certain criteria. GST is a consumption-based tax system that replaced several indirect taxes like VAT, excise duty, and service tax.
Steps for GST Registration
Here's a step-by-step guide on how to register for GST in India:
- Determine Eligibility
- Create a GST Common Portal Account
- Gather Required Documents and Information
- Fill the GST Registration Application (FORM GST REG-01)
- Application Processing
- Verification and Clarification
- Grant of GST Registration Certificate
- Mandatory Display of GSTIN
- Maintain Compliance
Remember that GST registration is essential for your business to collect and remit GST to the government. Failure to register or non-compliance with GST rules can result in legal consequences. If you are unsure about the registration process or have complex business structures, it's advisable to consult with Online Legal Aid India for guidance.