GST Registration

GST Registration is a process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN). This is a 15-digit number assigned by the central government after the taxpayers obtain registration. 

 

Advantages of GST

 

  • GST eliminates the cascading effect of tax
  • Higher threshold for registration
  • Composition scheme for small businesses
  • Simple and easy online procedure
  • The number of compliances is lesser
  • Defined treatment for E-commerce operators
  • Improved efficiency of logistics
  • Unorganized sector is regulated under GST