Who Are Eligible For GST Registration

Who Are Eligible For GST Registration


In order to register for GST, a person must have a valid Tax Deduction and Collection Account Number (TAN) issued by the Income Tax Department. This number is also known as the Goods and Services Tax Identification Number or GSTIN. People who have an active TAN can obtain their GSTIN online. The registration process is quick and simple, and it requires basic information like the name, address, and phone number of the applicant. Once the application is submitted, a temporary reference number will be sent to the email or phone number provided. This number must be used to log in to the GST website and submit returns.

People who supply goods or services to multiple states are required to get registered for GST, regardless of their annual turnover. This includes manufacturers, service providers, and individuals who sell their products or services to the public. Companies that supply goods to customers outside of the country must also register for GST, as are those who make interstate sales.

Companies that qualify for a regular GST registration have to file one annual return and two monthly returns at the GST portal. However, businesses with an annual turnover of less than Rs 1 crore can register under the composition scheme and pay a fixed amount of tax irrespective of their actual turnover. This arrangement is similar to VAT in other countries. However, some experts believe that this type of taxation is regressive and disproportionately affects low-income consumers.

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