GST registration is mandatory for businesses that exceed a specified turnover threshold. It involves obtaining a unique GSTIN (Goods and Services Tax Identification Number) to identify your business for tax purposes.

The GST registration process typically takes around 15-30 days, depending on the completeness and accuracy of the information provided.

The documents required for GST registration vary depending on the type of business entity. In general, you will need to provide PAN card, address proof, bank account details, and business registration documents.

The frequency of GST return filing depends on your turnover. Most businesses are required to file monthly returns, while some may be eligible for quarterly or annual filing.

GST advisory services provide businesses with comprehensive guidance on GST compliance, helping them navigate complex regulatory requirements, anticipate policy changes, and assess the impact of GST on their operations. By availing GST advisory services, businesses can make informed decisions, minimize potential litigations, and effectively plan for GST in their business dealings.

GST registration is a mandatory requirement for businesses meeting the specified turnover threshold. Registering for GST enables businesses to legally collect and remit GST, claim input tax credits, and comply with regulatory requirements. Additionally, GST registration enhances a business's credibility and allows it to participate in the formal economy.

Filing GST returns involves the accurate reporting of sales, purchases, and input tax credits. Businesses are required to file monthly, quarterly, or annual GST returns, depending on their turnover and registration type. Our team provides comprehensive support for GST return filing, ensuring that businesses meet their filing obligations accurately and on time.

Obtaining a GST refund involves the accurate filing of refund claims, supported by relevant documentation and compliance with regulatory requirements. Our experts guide businesses through the process of obtaining GST refunds, ensuring that they meet the necessary criteria and submit accurate refund claims.

Any person or business that supplies goods or services with an annual turnover exceeding the specified threshold is required to register for GST. The threshold limits vary depending on the state or union territory. For example, in most states, the threshold for normal taxable persons is Rs. 40 lakhs, while for special category states, it is Rs. 10 lakhs.

GST audit is not mandatory for all businesses. The GST Council has prescribed criteria for selecting businesses for audit based on factors such as turnover, risk profile, and compliance history. Businesses with a turnover exceeding Rs. 2 crores are more likely to be selected for audit.

A person can have multiple GSTINs (GST Identification Numbers) under certain circumstances. For instance, if a person operates distinct businesses in different states, they need to obtain a separate GSTIN for each business. Additionally, if a person is involved in both taxable and non-taxable supplies, they may need separate GSTINs for each category of supply.

HSN code stands for Harmonized System Nomenclature, an internationally standardized system for classifying goods. India adopted the HSN code for GST purposes to ensure uniformity in the classification of goods and services across the country. The HSN code is used for identifying goods for customs purposes, generating GST invoices, and filing GST returns.

There are three main types of GST:

1. CGST (Central Goods and Services Tax): Levied by the central government on intra-state supplies of goods and services.

2. SGST (State Goods and Services Tax): Levied by the state government on intra-state supplies of goods and services.

3. IGST (Integrated Goods and Services Tax): Levied on inter-state supplies of goods and services.