GST Registration is applicable on all goods and services except Petroleum products as of now. Goods & Service Tax (GST) is a consolidated tax, which essentially means that State and Central Indirect taxes have been merged. Entire country now operates under a uniform tax system. It now replaces service tax, excise, VAT, entertainment tax, luxury tax, octroi, CST etc.
GST Registration Process in India is completely online. It requires no manual intervention or no physical paper submissions. A very simple procedure has been prescribed for GST Registration.
It is compulsory to get your GST registered for traders, manufacturers, businesses, individuals, professionals etc, whose turnover (sales) exceed INR 40 Lakh. If your sales are less than INR 40 Lakh, you may also voluntarily opt for GST Registration in case you wish to avail the benefits of Input Tax Credit. Further, all persons who make interstate purchase or sales of services or goods have to apply for GST registration. Above limits do not apply to them.
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