There are different types of registration under GST:
Regular GST Registration (GSTIN):
For businesses exceeding the turnover threshold (Rs. 20 lakhs, or Rs. 10 lakhs in special category states).
Interstate suppliers must register, regardless of turnover.
Composition Scheme Registration:
For small businesses with turnover up to Rs. 1.5 crore (Rs. 75 lakhs for special category states) for goods, and Rs. 50 lakhs for services.
Taxpayers pay GST at a fixed rate on turnover with simpler compliance.
Casual Taxable Person Registration: For businesses operating temporarily in a state where they do not have a fixed place of business.
Non-Resident Taxable Person Registration: For non-residents who occasionally supply goods or services in India.
Input Service Distributor (ISD) Registration: For businesses distributing input tax credit to their branches having the same PAN.
TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) Registration: For entities required to deduct or collect tax at source.
E-commerce Operator Registration: For operators facilitating online sales of goods and services.
Voluntary Registration: For businesses not required to register but opting to do so to avail input tax credit.
No Registration: For businesses with turnover below the threshold limits and not falling under compulsory registration.
These types cater to different business needs, ensuring compliance with GST laws. I hope you found this answer helpful.
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Which Document is Required for Gst Registration
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What are the Types of Registration Under GST?
Praneel09
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2024-09-11T10:48:31+00:00 2024-09-11T10:48:32+00:00Comment
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