Eligibility for GST registration, GST (Goods and Services Tax) registration in India is required for various entities involved in the supply of goods or services.
The following individuals or entities are typically require to take GST registration:
Regular Taxpayers:
Businesses with an annual aggregate turnover exceeding the prescribed threshold limit (varies by state) are require to register for GST. The threshold limit is generally Rs. 40 lakhs for goods and Rs. 20 lakhs for services. However, lower limits of Rs. 10 lakhs for goods and Rs. 20 lakhs for services apply to certain states.
Inter-State Suppliers:
Entities engaged in supplying goods or services across state boundaries are require to obtain GST registration, irrespective of their turnover. This includes e-commerce businesses and others involved in inter-state trade.
E-commerce Operators:
E-commerce operators that facilitate the supply of goods or services through their platform need to register for GST, regardless of turnover.
Input Service Distributors:
Businesses that receive input services and distribute the credit of tax paid on those services to their branches or units are require to take GST registration as Input Service Distributors (ISD).
Casual Taxable Persons:
Individuals or businesses who occasionally supply goods or services but do not have a fixed place of business are classified as casual taxable persons and need to register for GST.
Non-Resident Taxable Persons:
Non-resident individuals or businesses supplying taxable goods or services in India are require to register for GST.
TDS Deductors:
Entities deducting tax at source (TDS) under the GST provisions are required to register for GST as TDS deductors.
While these are common categories that eligibility for GST registration, there may be additional categories or specific situations where GST registration is mandatory or recommend. It’s always advisable to consult the official GST portal or seek guidance from a qualify tax professional to determine the specific requirements for your business and ensure compliance with GST regulations.
To visit: https://services.gst.gov.in
