For services, the exemption limit is still set at 20 lakhs. Service providers with a turnover of up to 50 lakhs rupees can also opt for the composition scheme and pay only 6% tax.
It is therefore mandatory to register for GST only when the turnover (sales), of a trader, manufacturer, business, individual, professional, etc. exceeds INR 20 Lakh. You can also opt to register for GST if your sales are below INR 20 Lakh if you want to benefit from Input Tax Credit. All persons who purchase or sell services or goods interstate must also register for GST. The above limits do not apply.

Benefits and Need for GST Registration

Who is required to register for the GSTIN?

Businesses in the following categories should register for GST:

• Goods Manufacturers who have a turnover exceeding 40 lakhs

• Service Providers With a Turnover Above 20 Lakhs

• Voluntary Registration

• Inter State Sales

• Non-Resident taxable person

• Online GST Registration Certificate in India for Businesses in More Than One State

• Register for GST For Businesses that have previously registered under VAT, Excise Laws or Service Tax Laws

• E-commerce businesses and GST registration

• Providers of Services and Goods Outside India

GST Registration Fees

The Online GOODS AND SERVICE TAX Registration is different in terms of the GST registration fee & pricing.:

Depending on their type, all registered businesses must file Goods & Service Tax returns monthly, quarterly or annually. Special cases, such as composition dealers, are required to file different returns. You can compare the prices of GST registration on Chartered Choice, as it provides a list of professionals providing GST services.
What is the Goods and Service tax Return?
The return is the final document that contains all of the details about income and is filed with the tax administration authorities. The return’s importance is in calculating the tax liability.

How to Complete GST Return Filing

A registered dealer is required to submit Goods & Service Tax Returns that include the following:

• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST on purchases)
• Tax returns are required.Taxes for late filing of GST returns

You will have to pay late fees and interest if you do not file your GST return on time. With the help of a chartered account, or company secretary providing GST services, you can file your GST return on time.
The interest rate is 18% per year and must be calculated on the outstanding tax amount. The GST return filing deadline is from the day after filing until the date payment. For GST filing, the maximum late fee is Rs. 5000/.

GST registration consultants are a great way to ensure a smooth and easy registration. They are aware of the various turnover limits that require registration under the Act.

The following is a list of special categories under GST:

• Arunachal Pradesh
• Assam
• Jammu and Kashmir
• Manipur
• Meghalaya
• Mizoram
• Nagaland
• Sikkim
• Tripura
• Himachal Pradesh
• Uttarakhand