GST Registration in India: Everything You Need to Know (2024 Guide)
Are you a business owner in India? Wondering if GST registration is necessary for you?
Whether you’re a startup, SME, freelancer, or e-commerce seller — understanding GST registration is crucial for compliance and business growth.
At Power of Factorial Business Solutions, we simplify GST registration and compliance for businesses across India. Here’s a complete guide to help you get started.
What is GST Registration
GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India. Any business involved in supplying goods/services with turnover exceeding the prescribed limit must register under GST.
Once registered, your business is assigned a unique GSTIN (Goods and Services Tax Identification Number).
Who Should Register for GST?
Here’s a quick overview of entities required to register under GST:
Thresholds for Mandatory GST Registration
| Category | Threshold Limit |
|---|---|
| Goods Suppliers (Normal States) | ₹40 lakhs |
| Goods Suppliers (Special Category States) | ₹20 lakhs |
| Service Providers | ₹20 lakhs (₹10 lakhs for special category states) |
| E-commerce Sellers | Mandatory |
| Inter-state Suppliers | Mandatory |
| Casual Taxable Person / Non-Resident | Mandatory |
| Businesses under Reverse Charge Mechanism | Mandatory |
Tip: Even if you’re not mandated by law, voluntary registration brings several business advantage
Benefits of GST Registration
Key Advantages
✅ Legal Recognition: Your business becomes GST-compliant and gains a professional image.
✅ Input Tax Credit: Claim GST paid on purchases and reduce overall tax liability.
✅ Ease of Doing Business: Deal with large enterprises and government agencies that prefer GST-registered vendors.
✅ Expansion Opportunities: Registering for GST allows seamless expansion into other states.
✅ Better Compliance: Avoid penalties and streamline tax filing and accounting.
Documents Required for GST Registration
For Sole Proprietorship
PAN Card and Aadhar Card of proprietor
Photograph
Address proof of business (Rent agreement / utility bill)
Bank account proof (passbook / statement / cancelled cheque)
For Partnership / LLP / Company
PAN of firm or company
Certificate of Incorporation
Address proof of business
Authorized signatory’s details (PAN, Aadhar, photo)
Bank account details
Partnership deed or Board resolution
How Long Does It Take?
With Power of Factorial’s expert support, GST registration typically takes 3 to 7 working days after submission of all required documents.
Did You Know?
Voluntary GST registration, even when not mandatory, can:
Boost your business credibility
Help you claim Input Tax Credit
Make you eligible to work with large corporate clients
Why Choose Power of Factorial for GST Registration?
Our Strengths
✅ 10+ Years of Experience
✅ Trusted by 500+ Businesses
✅ Expert Guidance on Documentation
✅ End-to-End Filing and Advisory
✅ Affordable & Transparent Pricing
📞 Call Us: +91 8105021287
🌐 Visit: www.poweroffactorial.in
GST Registration Process – Step-by-Step
Here’s How We Do It
Consultation: Our experts analyze your business needs.
Document Collection: We help you compile all the required documents.
Application Filing: We file your GST application on the GST portal.
ARN Generation: You receive an Application Reference Number (ARN).
GSTIN Issuance: Once verified, GSTIN and certificate are issued.
Penalty for Not Registering under GST
Failure to register when required can result in:
Penalty of 10% of tax due (minimum ₹10,000)
In case of fraud: 100% penalty of tax due
Frequently Asked Questions (FAQs)
1. Is GST registration free?
No, there is no government fee. However, professional service providers may charge a fee for filing and documentation support.
2. Can I apply for GST registration online?
Yes, the process is completely online on the GST Portal. Power of Factorial can assist you in error-free online filing.
3. Do freelancers and consultants need GST registration?
Yes, if your annual income exceeds ₹20 lakhs (₹10 lakhs for special states), you must register. Even below the limit, voluntary registration is advisable for professional consultants
4. Can I cancel my GST registration later?
Yes, if your turnover drops or you stop operations, cancellation is possible with proper application and compliance.
5. What is the validity of GST registration?
Once granted, GST registration remains valid until it is surrendered or canceled by the GST department or the taxpayer.
Get Started with GST Registration Today!
Avoid penalties. Boost your business image.
Let Power of Factorial help you register for GST — the right way.
📞 +91 8105021287
📧 poweroffactorial024@gmail.com
🌐 www.poweroffactorial.in
📍 K R Puram, Bangalore
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