GST or Goods and Services Tax Registration may be a process which makes the taxpayer get himself registered under GST. This registration is very essential for all types of business and it has to be done once after the registration of the business. It is a 15-digit unique license number assigned by the central government thereto particular taxpayer after completing the registration process, and it's referred to as the products and Services Tax Identification Number (GSTIN).
Importantly, if you're business functions in additional than one state, then it's mandatory to urge or take separate Online GST Registration for every state from where you're operating from.
Now, you must be wondering what are all the documents required for GST Registration in India? Let’s understand GST eligibility and the required documents in detail.
Eligibility to register under GST in India
All the businesses that deal with supplying goods and it's turnover exceed more than Rs 40 lakh in a financial year that that particular business owner is required to register as a normal taxable person. However, a person who runs a business in north-eastern states such as J&K, Himachal Pradesh and Uttarakhand, has a turnover limit of Rs 10.
The threshold limit is Rs 10 lakh, for the service providers and Rs 20 lakh in special category States. Additionally, below is the list of certain businesses for which GST registration is compulsory no matter their yearly turnover:
Types of GST registration in India
Documents required to get GST registration