What is GST Registration?

GST is a unified indirect tax system replacing multiple taxes like VAT, Service Tax, Excise, etc. All businesses supplying goods/services above a specific threshold must register under GST.

Who Needs GST Registration?

• Businesses with aggregate turnover above:

  • ₹40 lakhs (goods) / ₹20 lakhs (services) – General category

  • ₹20 lakhs (goods) / ₹10 lakhs (services) – Special category states

• E-commerce sellers

• Casual taxable persons

• Interstate suppliers

Benefits of GST Registration:

• Legally recognized as a supplier

• Avail Input Tax Credit (ITC)

• Expand business across India without restrictions

• Participate in government tenders and contracts

• Improve brand credibility

• Easier to get business loans

Get Funding Access through GST Registration

• GST records help prove business turnover and tax compliance, increasing loan eligibility.

• Banks/NBFCs prefer GST-compliant businesses for credit underwriting.

Subsidy Benefits through GST

• Composition Scheme for small taxpayers with turnover < ₹1.5 crore:

  • Pay GST at a lower fixed rate

  • Less compliance burden

• State-specific incentives for new GST-registered units like:

  • Tax refunds

  • Subsidy on commercial electricity

  • Reimbursement of SGST portion