Who requires the registration?

1. Individuals registered under the Law which was in existence prior to Implementation of GST
2. Entities with turnover more than the threshold limit of Rs. 40 Lakhs (Rs. 10 Lakhs for North-East states and other special category states)
3. Casual taxable person / Non-Resident taxable person
4. Any persons making inter-state supply
5. Persons liable to pay tax under reverse charge mechanism
6. A non-resident taxable person engaged in providing taxable supply
7. Input Service Distributor
8. The person liable to deduct tax at source (TDS)
9. Electronic Commerce Operator

However any entity can voluntarily register under GST.

Registration under GST will confer the following advantages to business.

1. Legally recognised as supplier of goods or services
2. Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business
3. Legally authorized to collect tax from purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients
4. Can help in increasing the customer base with Howell’s. Persons registered under GST may take the benefit of input tax credit and hence entities can get a competitive edge in terms of cost to attract the customers.
5. Persons not registered under GST, cannot make any inter-state supply. After getting registered in GST, the government has paved the way for any inter-state sale. So persons who are looking for expansion, need to be registered under GST.
6. In indirect tax, GST is a single taxation system which helped in removal of bundled indirect taxes that entities had to comply before enactment of GST.
7. Reduction of manufacturing costs due to lower burden of taxes and fosters growth through more production. Hence prices of consumer goods will be likely to come down.
8. Reduce in litigation and administration work which leads to more focus on core activities of business and boosts efficiency.
9. Permitted to enter the international market and hence will get a competitive edge. Nation will also get benefitted by an increase in exports.
10. Increase in transparency as taxes appearing on invoice will be apparent in every manner.
11. Helping to build India a single market by subsuming different indirect taxes into single taxes.

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