GST registration is the process of obtaining a unique identification number for a business liable to pay Goods and Services Tax (GST). As per the Central Goods and Service Tax Act of 2017, businesses with an annual turnover of more than ₹40 lakh (or ₹20 lakh for some special category states) must register as normal taxable entities. In India, a GSTIN (Goods and Services Tax Identification Number), commonly known as a GST number, consists of 15 digits. These digits are unique to each taxpayer and serve as their identification under the GST regime. This identification number helps to share all the operations and data related to the transactions with authorities.
GST or Goods and Service Tax is a destination-based, multi-stage, indirect tax system. It substitutes for VAT and other collective taxes. GST registration refers to the process of registering a firm under the GST Act of 2017. Under the GST regime, any business required to pay service tax, excise duty, VAT, or central excise must register for Goods and Service Tax (GST). GST registration is mandatory for all eCommerce sellers. Citizens can apply for a new GST online without needing to visit a government office. The registration process can be initiated on the GST portal. Upon submission of the GST application, the portal will immediately generate an ARN status.