Under the Goods and Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs. 40 lakh or Rs. 20 lakh or Rs. 10 lakh, as applicable, must register as a normal taxable person, which is called GST registration. Failure to register under GST is considered an offense and may result in heavy penalties. Typically, GST registration takes 2-6 working days, but Team Clear can expedite the process in 3 easy steps. Mandatory registration under GST applies to businesses registered under the Pre-GST law (such as Excise, VAT, Service Tax, etc.), businesses with turnover above the threshold limit, casual/non-resident taxable persons, agents of a supplier and input service distributor, those paying tax under reverse charge mechanism, e-commerce aggregators, and persons supplying online information and database access/retrieval services from outside India to a person in India, other than a registered taxable person.
No matter what type of business you want to run or the industry you belongs to, Bhakat Associates will take care of the registration process with our easy and affordable services.