GST

Registration is required when your aggregate turnover crosses the threshold that applies to you. For most states this is ₹40 lakh for suppliers of goods and ₹20 lakh for service providers, with lower limits in some special category states. Certain businesses must register regardless of turnover, including interstate suppliers of goods, e-commerce sellers, casual taxable persons and those liable under reverse charge.

Core fields are the legal name of the business, the principal and additional places of business, and the details of partners, directors or other stakeholders. Changes to these need approval from the GST officer. Non-core fields include contact details, bank account information and similar items, which can generally be updated without officer approval once the application is filed.

You can apply for cancellation if your business has been discontinued, transferred, merged or converted into another entity, if there is a change in constitution that requires a new PAN, or if you are no longer liable to be registered. The GST officer can also cancel a registration on their own, for example when returns have not been filed for a prolonged period.

Any person registered under GST who intends to export goods or services, or to supply to an SEZ unit or developer, can file an LUT. It is not available to someone who has been prosecuted for tax evasion above the amount specified in the rules. Most regular exporters, including small businesses and freelancers, are eligible.