GSTRegistration for individuals
GSTRegistration for individuals Yes, an individual person can get registered under GST in India to sell online. Businesses with an annual turnover exceeding Rs. 40 lakhs (or Rs. 20 lakhs in special category states) are required to mandatorily register for GST.
In certain instances, individuals whose annual turnover falls below the prescribed threshold may elect to voluntarily register for GST.
Doing so can yield advantages, such as the ability to claim input tax credit on business-related expenditures.
To register for GST, the individual person would need to provide certain documents, such as their PAN card, proof of address, bank account details, and a valid mobile number and email address.
They would also need to provide details about their business, such as the nature of their business, the place of business, and the goods or services they sell.
Once successful registration, the individual would be obliged to adhere to the various provisions outlined in the GST legislation, which includes timely submission of GST returns and maintaining meticulous records of all business transactions.
To visit: https://www.gst.gov.in/
For further details access our website: https://vibrantfinserv.com
