Registration under GST is a legal requirement for businesses. The CGST Act 2017 specifies minimum turnover criteria for registration (Rs 40 lakhs for goods and Rs 20 lakhs for services). Still, certain specific businesses are required to register under the GST, irrespective of their annual turnover.
Section 24 of the CGST Act 2017 requires the following persons to register under GST, irrespective of their annual turnover:
Any person, whether an individual, HUF, partnership or company whose annual turnover in a financial year is more than Rs 40 lakhs in case the person is involved in the sale of goods or Rs 20 lakhs in case of services, is required to obtain registration under GST. (Ref. Section 22 of CGST Act, 2017)
Other than this, certain categories of entities are required to register under GST, irrespective of their annual turnover, as discussed above. (Ref. Section 24 of CGST Act, 2017)
After visiting the government portal, gst.gov.in, depending upon the category (for example, regular taxpayer, composition casual taxable person, or input service distributor (ISD)), register itself under GST.
After providing basic details such as PAN, mobile number, and email ID, a temporary reference number (TRN) will be generated after OTP verification.
Form GST-REG-01 will require various details relating to the business, such as
After all details are submitted and the application is verified via EVC or DSC (which companies and LLPs require), an acknowledgement reference number (ARN) will be shared to the taxpayer's registered mobile number and email ID.
Typically, the GST department requires 3-7 business days to process your application and provide a GST number.
Click on the link for a detailed process.
You can also read:
GST Registration Threshold Limits
GST Registration Online
Documents Required For GST Registration
How to change GST registration details of a business?
How to check GST Registration Status & GST Application ARN Status