Who Are Eligible For GST Registration in India

Who Are Eligible For GST Registration in India


Under the new tax regime, any business with a turnover of up to Rs 20 lakh is eligible for GST registration. This is a considerable increase in the threshold over the earlier VAT and service tax limit of Rs 5 lakh, which exempted many small traders and service providers. Additionally, a person can register for GST in all the states that they supply goods or services to, unlike the previous practice where people were required to get registered separately in each state. This will help in preventing tax evasion and reduce the burden on small businesses.

Applicants can file for GST registration through an online process, which is simpler and faster than the old method. They need to visit the GST portal and fill up Form GST REG-01. They should select 'Taxpayer' as their type of taxpayer from the drop-down list and enter their PAN, mobile number, and email address in the respective boxes. After this, they need to click on the 'Proceed' button. They will then receive an OTP on their registered phone or email, which they need to enter in the box to continue the application process.

Once the OTP is entered, the applicant will receive a temporary reference number (TRN) on the screen, which they should save and use to open Part B of the application form later. They will also be given an Application Reference Number (ARN) on the GST portal, which they should keep safe and use to track their application status.

 

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