GST Registration for Small Business in India


GST Registration for Small Business in India

"Call Our Business Plan Experts at +91-72999-72500"


When you start a small business, getting GST registration is an essential part of your journey. It has some benefits that are hard to miss out on, like a common market across India, reduced tax burden on goods and services, simpler procedures, and easier compliances. It also has some drawbacks, such as increased paperwork and the need to invest in technology for online filings. However, the advantages of this new regime outweigh these disadvantages.

Getting GST registration Consultant will help you reap several benefits that can boost your small business and take it to the next level. The biggest benefit of getting a GST number for your business is that it will create an identity for you that can be used on all your documents, including your website and social media profiles. It will help you gain a sense of legitimacy, which can be very beneficial in the long run as it can build a strong trust between you and your customers.

As per the guidelines of the Goods and Services Tax Act, if your business's turnover is more than Rs 40 lakh in manufacturing sector or more than 20 lakh in service sector (excluding north-eastern states), you must register for GST. You should also register if you are making supplies under reverse charge mechanism or if your business is located in one state but selling products in other states.

The procedure of registering your business for GST is pretty simple, and you can do it on the GSTN portal. Once you fill in all the details and submit your application, you will be sent an OTP on your mobile phone number and email id. Once your OTP is verified, an Application Reference Number or ARN will be generated and sent to you. You can then check the status of your application from 'My Saved Applications' in the GSTN portal.

 

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