GST stands for Goods and Services Tax. It is a unified indirect tax that is levied on the supply of goods and services in India. GST has replaced many indirect taxes that were previously in place. The GST system aims to simplify the tax structure, eliminate the cascading effect of taxes, promote ease of doing business, and create a common national market. It is divided into Central GST (CGST) levied by the central government, State GST (SGST) levied by the state government, and Integrated GST (IGST) levied on inter-state supply of goods and services.
The section related to registration under GST is Section 22.
Every person who is registered or holds a license or registration under any existing indirect tax law on the day immediately preceding the appointed day i.e. date on which the GST Act came into force, shall be liable to be registered under this Act.
Registering for GST in India comes with several benefits:
Here are the required documents for GST registration listed in points:
1. Visit GST Portal
2. Create a New Account
3. Receive Temporary Reference Number (TRN)
5. Submit Application
6. Application Processing
7. Issuance of GSTIN
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