GST Registration @ 999/-

✓ GST registration is mandatory for any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs for North Eastern and hill states).

✓ Every person has to apply for registration in every State in which he is liable, within thirty days from the date on which he becomes liable to registration

✓ Casual/ non-residents should apply at least five days before their commencement of business

✓ Registration number in GST will be PAN based and hence, having PAN would be a prerequisite for obtaining registration

✓ The assessee must obtain separate registration for each State

✓ Goods and services are divided into five tax slabs for collection of tax – 0%, 5%, 12%, 18% and 28%