Apply for GST Registration in India | Gstnitbuddies

1. GST Registration Registration is the most fundamental requirement for identification of tax payers in any tax system. Registration enables a business entity to collect tax from its customers and claim input tax credit. Section 22 of the CGST Act: Person liable for GST Registration The registered taxable person who transfers business to another person on going concern basis, or in case of amalgamation or de-merger, is liable to obtain GST registration. Note The Central Government has granted general exemption from obtaining registration to any person, who is engaged in exclusively supply of goods and whose aggregate turnover in the financial year does not exceed Rs. 40 Lakhs, except for supply of goods after completion of job work (JW). A person is required to take compulsory registration under Section 24 of the said Act if they make supplies of Ice Cream, Pan Masala, and Tobacco. Eligibility for GST Registration Along with the PAN & TAN, Aadhar Authentication for specified persons is also mandatory. If Aadhar Number is not available, alternate and viable means of identification shall be offered.