GST registration in Coimbatore

What is GST Registration? 



GST Registration is mandatory for every supplier who is supplying taxable goods or services or both in every state from if his total turnover is more than 20 lakh (10 lakh for northeastern states) in a financial year. Registration applications are made online via goods and services tax network portal. 

Advantages of GST registration:

  • Eligible to avail many other benefits and privileges under the GST laws.

  • Legally recognized as suppliers of goods or services

  • Become authorized legally for collecting tax from the purchasers

  • GST reduces transaction costs of running the business and thus increases competitiveness for trade and industries. 

  • GST makes it easier for businessmen to pay taxes.

  • GST is mainly technology-driven and reduces human involvement to a great extent.

GST Registration Criteria:

A person is required to take GST registration irrespective of turnover if he is required to pay tax under RCM, making interstate supplies,  making a taxable supply of goods or services on behalf of other taxable persons. Input service distributor and every E-commerce operator.

GST Rate:

In India, there is a wide economic gap so it would not be feasible to apply the same tax rate on essential items like wheat and luxury items like Audi cars. Thus, it was required to set different rates for different categories of items.

There are four slabs fixed for GST Rates - 5%, 12%, 18% and 28%. Some items are exempted under GST e.g. Milk, Fresh vegetables and fruits, buttermilk, Un-branded wheat and rice, un-branded flour, Puja Items, etc.

What is GSTIN?

Any service provider who is registered under tax law is assigned a GST registration number by CBEC. Now, under the GST all the businesses registering will be provided with a unique identification number known as GSTIN or GST Identification Number. The government will allot 15-digit Goods and Services Taxpayer Identification Number (GSTIN) after registration. 

Composition Scheme under GST:

Under the GST regime, the composition scheme is for small business owners. This is introduced to reduce the burden of the compliance provisions under the law which brings some relief to small businesses. So, this option has been given to them where they can opt for this scheme. Under this scheme, the owner has to pay a fixed percentage of turnover as fees in lieu of tax and he gets relief from the compliance of the provisions of law. 


Ryot Associate is one of the trusted tax consultant company. We offer services related to GST registration in Coimbatore.

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