Here, we will discuss all GST registration requirements in one single post. This arti...
GST registration in the state of Maharashtra or anywhere in India is an essential requirement in some cases. If any enterprise or business surpasses the minimum threshold, then they are required to register under GST. GST registration process can be complex for some therefore we have detailed the complete process of obtaining GST Registration in Maharashtra.
GST or Goods & Services Tax was introduced in 2017. It replaced various forms of indirect taxes in India. The GST threshold was raised from 20 lakh rupees to 40 lakh rupees in 2019. Hence businesses that exceed this threshold limit need to apply for GST registration, and not doing so can attract hefty fines and penalties.
|Services||Special Category States- Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Uttarakhand & Himachal Pradesh.||10 Lakhs rupees|
|Services||Rest of India||20 Lakhs rupees|
|Goods||Special Category States- Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim, Uttarakhand & Himachal Pradesh.||20 Lakhs rupees|
|Goods||Rest of India||40 Lakhs rupees|
The following should apply for GST Registration:
The process of GST registration is detailed below:
The following documents are required:
Maharashtra is situated in the western region of India and is one of the most industrialized state in India. It has kept its pole position in the industrial sector. Further, the state is also a pioneer in small scale industries. Maharashtra enjoys a long history in textiles, with Mumbai city being the home of India’s textile mills. Further, the state is known for various creative industries, service sectors and training sectors. Therefore Maharashtra is a great place for business.
Further, the process of GST registration is also online, so one can quickly apply for GST registration in the state. Hence if you fulfill the eligibility criteria for obtaining the registration, then you are advised to get the registration done without any delay.
You should also consider getting GST Registration for the reasons such as:
Online GST Registration in Maharashtra could become a complex task for those that are unaware of the registration process and requirements. If you fall under the eligibility purview of GST registration in your state, then consult a GST professional who will guide you through the entire process. If you desire to know more on GST Registration in any state in India, consider exploring vast amount of articles available on the Enterslice Website.
Read our article:GST Registration in Delhi – Procedure and Documents