A taxpayer registers for Goods and Services Tax (GST) through the GST registration process, and once registered, the business receives a GST Registration Number, also known as a Goods and Service Tax Identification Number (GSTIN). It is a 15-digit number issued by the Central Government that assists in determining whether a business is required to pay GST.
Documents Required for Trademark Filing
Sole proprietor / Individual |
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LLP and Partnership Firms |
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HUF |
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Company (Public and Private) (Indian and foreign) |
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Benefits of GST Registration
Some of the benefits of GST registration include:
- Bank Loans: GST registration and filing of GST returns serve as proof of business activity and create a track record for a company. Banks and NBFCs lend to businesses based on data from GST returns. As a result, GST registration can assist you in formalizing your business and obtaining credit.
- Supplier On boarding: GST registration is frequently required during the supplier on boarding process in order to become a supplier of reputable companies. As a result, GST registration can assist you in increasing your business.
- eCommerce: GST registration is required to sell online and through various platforms such as Amazon, Flipkart, Snapdeal, Zomato, Swiggy, and so on. Having a GST registration allows you to sell online.