Among other things and subject to various conditions, GST registration is mandatory when:
– The company’s turnover of services is greater than 20 lakhs
– Or, the turnover of Goods is greater than 40 lakhs
– Or, there are interstate transactions (selling goods / services from one state to another)
Some companies don’t apply for GST till they achieve their turnover limit.

However, most of the companies apply for GST registration on voluntary basis if:
– They want to take GST Input Tax Credit (ITC)
– Are required by their vendors to have a GST number
– Want to sell online on third party marketplace like Amazon, Flipkart, etc.

Please note:
Once the GST number is allotted, the company has to file the GST returns on a monthly and quarterly basis (even if there is zero business transaction)

Udyam Registration, also known as Udyog Aadhar / MSME / SSI, is a certificate issued by the Government of India to certify a company as a Micro, Small or Medium business enterprise.

Following are some of the benefits of registering your business venture as MSME:
1. Protection against delayed payments against material/services supplied.
2. 50% reduction in trademark fees.
3. Registered Udyam gets tariff subsidies and tax and capital subsidies.
4. Avail exemption while applying for government tenders.
5. Discount in Interest rates for Bank Loan or Overdrafts.

We recommend you opt for MSME registration.

We’ll need the following document for registration:
– Bank statement in the name of the company.

If your business is going to be actively involved in importing or exporting goods – you will need an IEC Certificate.

Do not opt for this if you are not going to be involved with any imports / exports.

We’ll need the following document for registration:
– Cancelled cheque photo or Bank statement in the name of the company