Understand the Registration Requirement

Understand the Registration Requirement:

Any person with a taxable supply turnover of over Rs.25 lakhs is required to register for GST in India. There is also a mechanism available for voluntary GST registration to help claim input tax credit. The term “person” under GST law, who are required to pay it, includes proprietorship, partnership firms, Hindu Undivided Family, Company, LLP, Society and any other legal entity. GST registration must be obtained within 30 days of exceeding the Rs.25 lakh turnover limit. In the case of individuals or entities with existing service tax or VAT registration, the procedure for migrating the VAT or Service Tax registration as a GST registration will be announced in due course.get more details at http://www.atozinform.com/