What is GST Registration?
GST registration is a legal obligation for businesses whose turnover exceeds the prescribed threshold limit. It allows businesses to collect GST from customers and claim input tax credit on the taxes paid on purchases.
Once registered, a unique GST Identification Number (GSTIN) is issued by the GST authorities.
Who Needs GST Registration?
- Businesses with an annual turnover of more than:
- ₹40 lakhs for goods (₹20 lakhs for special category states)
- ₹20 lakhs for services (₹10 lakhs for special category states)
- E-commerce operators
- Inter-state suppliers
- Casual taxable persons
- Non-resident taxable persons
- Input Service Distributors (ISDs)
- Agents of a supplier
- Businesses under reverse charge mechanism
Benefits of GST Registration
- Legal recognition as a supplier
- Input Tax Credit (ITC) eligibility
- Facilitates interstate business without restrictions
- Required for e-commerce platforms and tenders
- Enhances business credibility
Documents Required for GST Registration
- PAN Card of the business or applicant
- Proof of business registration or incorporation certificate
- Identity and address proof of promoters/directors with photographs
- Address proof of business premises
- Bank account statement/cancelled cheque
- Digital Signature Certificate (DSC) in case of companies
- Letter of authorization or board resolution for authorized signatory
GST Registration Process
- Online application via the GST portal (www.gst.gov.in)
- Submission of required documents and verification
- ARN (Application Reference Number) is generated
- Processing by GST officer
- Issuance of GSTIN upon successful verification
At YKG Global, we simplify this process by handling the entire filing and documentation on your behalf, ensuring zero errors and quick turnaround time.
Penalties for Not Registering under GST
Failure to register under GST can lead to:
- A penalty of 10% of the tax due (minimum ₹10,000)
- In cases of deliberate tax evasion, the penalty may go up to 100% of the tax due
Why Choose YKG Global for GST Registration?
- Expert CA-led team with decades of experience
- Transparent and fast documentation process
- Dedicated support for compliance and return filing
- Customized advisory for your business structure and industry
Get Started with Your GST Registration Today!
Whether you’re a startup, MSME, or a growing enterprise, GST compliance is non-negotiable. Let YKG Global handle your GST registration and compliance, so you can focus on what matters — growing your business.
