GST Registration

1) What’s the benefit of registering a business under GST? Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: Legally recognized as supplier of goods or services. Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business. Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients. 2) What is the liability for GST registration in India? Aggregate turnover requirement for GST registration is as below: Region Aggregate Turnover Liability to Register Liability for Payment of Tax North East India Rs 9 Lakhs Rs 10 Lakhs Rest of India Rs 19 Lakhs Rs 20 Lakhs 3) What is the registration process for GST in India? GST registration process will be online through a portal maintained by Central Government of India. Govt.