For businesses operating in India, registering for the Goods and Services Tax (GST) is mandatory. Online company registration in India facilitates the seamless enrolment for GST.
During the online registration process, entrepreneurs have the option to apply for GST enrollment simultaneously. This integration saves time and effort, as it allows businesses to obtain their GSTIN (GST Identification Number) alongside the company registration.
GST registration is essential for businesses with an annual turnover exceeding the threshold limit set by the government. It enables businesses to collect and remit GST, claim input tax credit, and comply with the country’s tax regulations.
By combining company registration and GST enrollment, online registration streamlines the entire process, reducing delays and ensuring compliance with tax laws from the inception of the business.