What is GST (Goods and Service Tax)?

GST represents Labor and products Duty. An expense in India supplanted a few more established charges like the duty on merchandise (extract obligation) and the duty on administrations. The law for this expense was made authority on 29th Walk 2017 and began being utilized from first July 2017. Basically, GST is an expense added when labor and products are sold. It’s additional at each step of making or selling something and depends on where the thing is at last utilized or purchased. This duty is no different for the entire of India.
GST enlistment is a significant stage in productively maintaining your business. It improves your image’s validity and genuineness as well as guarantees your business consents to legitimate prerequisites. On the off chance that an organization’s yearly turnover outperforms Rs. 40 lacs, it is commanded to enroll as an ordinary available substance under the GST guidelines.

Should you register for GST?

A ‘available individual’ under GST is s an individual who continues any business at any spot in India and who is enrolled or expected to be enlisted under the GST Act. Any individual who participates in financial action including exchange and trade is treated as an available individual.
  • Casual taxable persons: Engage in occasional taxable transactions.
  • Non-resident casual taxable persons: Undertake intermittent taxable transactions in India.
  • Inter-state taxable suppliers: Conduct transactions crossing state borders.
  • Agents for registered taxpayers: Authorized to transact on behalf of others.
  • E-commerce operators: Facilitate online transactions.
  • TDS/TCS deductors: Responsible for tax deductions/collections at source.
  • Businesses operating across states: Conduct business beyond their state.
  • Sellers on e-commerce platforms: Operate on platforms like Amazon and Flipkart.
  • Import-export industry individuals: Engaged in cross-border trade.
  • Entities subject to reverse charge taxation: Liable for direct tax payment.
  • Transitioned businesses: Previously under VAT, excise, or service tax.
  • Aggregator companies: Connect customers with service providers.
  • Input Service Distributors: Allocate input service credits.
  • OIDAR service providers: Offer online database access services.

Documents needed for GST Registration

  • PAN Card 
  • Proof of Business Registration
  • Proof of Identity 
  • Photographs
  • Business Bank Account
  • Business Adress Proof
Documents Required for GST Registration
Pan Card

PAN Card 

Types of Business Registration

Proof of Business Registration

Registrations & Licenses

Proof of Identity 



Business Banking

Business Adress Proof

Address Proof Documents

Proof of Identity 

When is it Mandatory for GST Registration?

If a company’s annual turnover falls within the specified thresholds, it qualifies for GST registration:

  • For the manufacturing sector, the threshold is Rs. 40 lakhs or higher.
  • In the service sector, the threshold stands at Rs. 20 lakhs or higher.
  • Certain states have a lower threshold of Rs. 10 lakhs or more, designated as Unique Class States. These states include Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, and Uttarakhand.


  • Jammu and Kashmir and Assam, both Unique Class States, opted for a Rs. 40 lakh threshold for commodities.
  • Puducherry, categorized as a regular state, set its threshold at Rs. 20 lakhs for goods.

What is IEC Code?

In India, the Import Export Code (IEC) is a distinctive 10-digit identification number bestowed upon businesses and individuals by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industries, Government of India. This code stands as a fundamental identifier for entities engaged in the import and export of goods and services across borders.

How to Get Import Export Code (IEC)
IEC Registration Process in India
Registrations & Licenses

More details about IEC Code

Here’s what you need to know about the IEC:

  1. Mandatory Requirement: Any entity or individual planning to engage in international trade (import or export) in India must obtain the IEC. Without it, one cannot legally import or export goods or services.

  2. Lifetime Validity: Once issued, an IEC does not require renewal and is valid for the lifetime of the entity or individual, unless it is surrendered or revoked.

  3. One-time Registration: A business entity needs only one IEC, regardless of its number of branches or business units. The IEC will be the same for all branches or divisions of the entity.

  4. Exemptions: Certain categories of importers and exporters are exempted from obtaining the IEC, based on the nature and type of their goods or the specific guidelines provided by the DGFT.

  5. Primary Document: The IEC acts as a primary document for recognizing an importer/exporter and is often required by customs authorities and other stakeholders in the international trade process.

  6. No IEC for Personal Use: Goods and services that are imported or exported strictly for personal use and not for any commercial or trade activities do not require an IEC.

Export Import
Registrations & Licenses

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