Are company registration and GST registration the same
Company registration and GST registration are two distinct processes and not the same. Company registration refers to the process of legally registering a business as a company, while Goods and Services Tax registration refers to the process of registering a business for the Goods and Services Tax .
Registration of company involves obtaining a certificate of incorporation from the Registrar of Companies, which allows the business to legally operate as a company. This process involves registering the company’s name, address, directors, shareholders, and other details with the Registrar of Companies.
For more information to visit https://www.gst.gov.in/
On the other hand, GST registration is the process of obtaining a unique GST identification number (GSTIN) from the GST authorities. This is mandatory for businesses engaged in the supply of goods and/or services and whose annual turnover exceeds a certain threshold limit (currently INR 20 lakhs).
While both registrations are necessary for running a business in India, they serve different purposes. establishes the legal identity of the business entity, while GST registrations is necessary for compliance with the GST laws and for claiming input tax credit on purchases.
