Under this GST regime, every individual or company that supplies goods and services has got to register under Goods and repair Tax (GST). So, if you run a business with an annual turnover that exceeds Rs.20 lakh (in all Indian states, aside from north-eastern states) then you'll need to register with GSTN (Goods and repair Tax Network).
Once you've got registered under this regime, you'll receive a singular GSTIN (Goods and repair Tax Identification Number). The Central Government issues a state-wise, 15-digit number to you once you complete registration. There are many advantages of GST registration including the very fact that you simply will get a legal identity as a supplier. you'll also avail input decrease and collect GST from recipients of products and services.
