GST Registration: Your legal consultant

GST Registrations are one of topmost priority for businesses and sailing through this process efficiently is the ultimate aim. Enlist your business for GST effortlessly with experts at Legal251 and start focusing on the growth and productivity part. In the GST Regime, organizations whose turnover surpasses Rs.40 lakhs* (Rs.10 lakhs for NE and slope states) is required to enroll as an ordinary available individual. GST registration usually takes between 2-6 working days. Currently, the types of GST in India are CGST, SGST and IGST. This simple division helps distinguish between inter- and intra-state supplies and mitigates indirect taxes. CGST stands for Central Goods and Services Tax. It is a category of GST that is collected by the Central Government. SGST stands for State Goods and Services Tax and IGST stands for Integrated Goods and Services Tax. CGST, SGST, and IGST work according to the place of transactions. In the case of inter-state transactions, GST is collected as IGST, which indirectly charges tax for the State and Central government clubbed together. SGST and CGST are collected in case of intrastate transactions and are both collected directly for the State and Central Government, respectively. Thus, CGST, SGST, and IGST work according to the place of transactions.