Unboxing Goods and Service Tax for You!
India’s greatest tax reform, GST, has dramatically increased the ease of doing business and expanded the taxpayer base to include millions of small enterprises. Abolishing and merging several taxes into a single system would simplify taxation.

The new GST regime requires all companies buying, selling, or supplying goods or services to register and get GSTIN. When an entity passes a minimum turnover threshold or a new business starts, registration is required.

Who is Eligible for GST Registration?
Aggregate Turnover
Any service operator who generates more than ₹20 Lakhs per year must register for GST. In special category states, this ceiling is ₹10 lakhs. Any sole supplier of goods with a turnover over ₹40 lakhs must register for GST.

Inter-State Business
Regardless of turnover, an interstate supplier must register for GST. Interstate service companies must register for GST if their yearly sales exceed ₹20 lakh rupees. (₹10 lakhs in exceptional categories).

E-Commerce Platforms
E-commerce sellers must register for GST. Register regardless of turnover. Thus sellers on Flipkart, Amazon, and other e-commerce sellers must register before starting.

Voluntary Registration
GST registration is voluntary. Previously, voluntary GST registrations were valid for a year. After changes, applicants can surrender voluntary GST registration at any time.

Casual Taxable Persons
Any individual undertaking supply of goods or services seasonally or intermittently through a temporary stall or shop must apply for GST. The individual shall apply irrespective of the annual aggregate turnover.