In India Goods and Service Tax (GST) was implemented on 1st of July, 2017. Through this many things in accounting changes. It involves comprehensive study of GST, identification of changes to any long term contract, conducting tax code mapping for all transactions and the review of an existing level of compliance.
What is Goods and Service Tax (GST)?
Eligibility of GST Registration?
- GST Registration is needed in the supply of goods. In case combined supply is more than 19 lakh then GST Registration is needed in that case except in North East India. In North East GST is applicable over Rs. 9 Lakh a year.
- The existing dealer who is registered under VAT/Service Tax/ Excise or other Act has to complete the migration process to GST. After migration, a provisional registration number will be granted. After this, final registration will be granted after six months.
- Companies who are engaged in export business are also required to take GST Registration number. They are also entitled for some tax exemption on the services.
- In case of inter-state sales, GST registration is mandatory irrespective of turnover.
Reviewed by: BIATConsultant CA, CS, legal, tax, finance, and compliance expert team.
Last reviewed: May 28, 2026.
Relevant official references: GST Portal, Income Tax Department.
Important note: Timelines, government fees, professional fees, document requirements, and approvals depend on the applicable authority, applicant profile, document readiness, and current regulatory process.
FAQ
Common Questions Our Customers Ask Us - Solved!
What are beneifts of GST registration?
Following are the benefits of the GST Registration and they are as follows-
1. A registration certificate will be given to every registered entity as a supplier of goods and services.
2. In India, the main advantage of GST is the ease of doing business. You will get 100% of the input tax credit paid on the purchase of goods from any of the states in India.
3. The registered entity shall be legally entitled to collect tax on the sale and pass the credit of taxes paid on the goods supplied to purchasers or recipients.
When are GST rates?
What are advisory services of GST provided by BIATConsultant?
Login
About us
Learning
Media
Our Team
Partner With Us
Contact us
Talk an Expert