GST Registration in India
Goods and Services Tax (GST), introduced under the GST Act, 2017, is India’s most significant tax reform, replacing VAT, Service Tax, Excise Duty, and other indirect taxes with a unified system. GST registration is mandatory for businesses that cross the turnover threshold or engage in interstate trade, e-commerce, imports, or exports. Once registered, a company is allotted a GSTIN (Goods and Services Tax Identification Number), enabling tax collection and input tax credit (ITC). In fiscal year 2024-25, India’s gross GST collections hit a record ₹22.08 lakh crore, with over 1.51 crore active taxpayers nationwide, highlighting the regime’s reach and growing compliance.