GST Registration Limit for Goods

GST Registration is the procedure of enrolling under the Goods and Service Tax system. It is mandatory for all businesses to get GST Registration falling under certain criteria. Businesses get many benefits after Registration under GST like an increase in transparency, eliminating cascading effects, reduction in cost, increase in logistics efficiency, and many others. By reading through this page get full information about the GST Registration.

Professional Utilities helps taxpayers of any category to get the GST Registration.

All Businesses and Individuals whose turnover is more than 40 Lakhs providing goods and 20 Lakhs in providing services. Turnover exceeds 10 lakhs in special category states. There are certain businesses that must register regardless of the turnover of the company as mentioned below -

• Inter-State Business - Any firm which is engaged in the supply of goods and services from one state to another company. They need to register themselves under the GST Act.
• E-commerce platform - Businesses that are indulged in the supply of goods and services must get GST Registration. Even if they act as agents or principals, anybody who is engaged in any business of digital platform.
• Casual taxable persons - Firms or Individuals should register under the GST Act in spite of the turnover. If they supply goods and services on a seasonal or irregular basis or temporary stand.
• Voluntary Registration - Even if they are not eligible for GST Registration they get themselves registered voluntarily. They get all the benefits of the registration.

• Supply of Goods made by a person related to petroleum products, funeral services, etc.
• Agriculturists
• Supply of goods by person making exempted supply and NIL-rated goods such as agriculture services, Honey, Cheese, Fresh milk, etc
• Supply of goods done under reverse charges like cashew nuts, tobacco leaves, etc
• A person engaged in the supply of goods having a turnover of less than 40 lakhs and 10 lakhs in special states.

The list of following documents are needed for registering under GST for goods -

• Aadhar Card
• Photograph
• Certificate of Incorporation or business registration proof
• Copy of PAN Card of Applicant
• Bank Account
• Digital Signature
• Address proof and Identity proof of the directors/promoters
• Board Resolution/ Authorisation letter for authorised signatory

When total turnover exceeds the prescribed limit then it is mandatory for the firm to get registration.

Professional Utilities helps to get GST Registration at Rs. 1499/-.

Note: The aformentioned Fees is exclusive of GST.

The GST registration for Goods is obtain by following the easy Steps which is described below.-

• Click on login after accessing GST.GOV.IN's website.
• Enter your name, mobile number, and email address in Form REG GST01.
• OPT will be received to verify the Email Address and Mobile Number. TRN No. is issued after verification.
• Then, under GST REG 01 PART B, the goods and services, partners/promoters, authorised signatories, business details, and place of business are filled. Then ARN No is generated.
• The relevant document and form are verified by the officer. The officer decides whether to accept or reject the form.
• If he accepts the form, In GST REG 06 GSTIN and a GST Certificate are used.

There are many benefits due to which firm should get GST Registration -

Legal strength - Getting GST Registration helps in getting legal standing in the court in case if anyone sues. GST Registration can be useful in the court.

Hurdles are avoided - It would be difficult to run a business without GST Registration. Whole supply chain from customer to retailer to wholesaler to manufacturer operated around the GST Regime.

Penalties are avoided - If businesses become eligible for GST Registration and they fail to do so. They face many penalties and also lose trust in the government.

Credibility - Getting GST Registration increases trustworthiness of the business as supplier or customer.

Benefit of claiming Input Tax - Firm can claim the Input Tax Credit which in turn decreases the cost of the product.

GST Registration is the process that involves registration of the business under GST Regime. There are many benefits of the GST Registration like increase in transparency, simpler taxation process, decrease in cost, government income increases and many others. The GST registration process involves filling of application forms, uploading required documents and verification. After this, getting a GST Registration Certificate and GST number.