is registration with gst is required.

This query is : Resolved

G.S.Prasad

G.S.Prasad (Querist)
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19 June 2017 a manufacturer and trader in shirmp seed having more than the threshold limit of turnover is supposed to get gst registration.

Guest

Guest (Expert)

19 June 2017 https://youtu.be/DV_UzOkvUIs

Guest

Guest (Expert)

19 June 2017 see this video to understand when a person is liable to obtain new registration in GST

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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01 August 2024 Yes, if a manufacturer and trader in shrimp seed has a turnover that exceeds the threshold limit for GST registration, they are required to register under the Goods and Services Tax (GST) regime in India. Here are the key points to consider:

### GST Registration Threshold

1. **Turnover Threshold:**
- For businesses involved in the supply of goods, the threshold limit for GST registration is an aggregate turnover exceeding Rs. 40 lakhs in a financial year.
- For businesses involved in the supply of services, the threshold limit is Rs. 20 lakhs in a financial year.

2. **Special Category States:**
- For businesses operating in special category states (such as the North-Eastern states), the threshold limit is lower, typically Rs. 20 lakhs for goods and Rs. 10 lakhs for services.

### Applicability for Manufacturer and Trader in Shrimp Seed

- Since you mentioned that the turnover exceeds the threshold limit, the business must register for GST. This applies to both manufacturing and trading activities.

### Steps for GST Registration

1. **Preparation:**
- Gather the necessary documents for registration, which typically include:
- PAN card of the business.
- Proof of business registration or incorporation certificate.
- Identity and address proof of promoters/directors with photographs.
- Address proof of the business premises.
- Bank account statement/cancelled cheque.
- Digital signature.

2. **Online Application:**
- Visit the GST portal (https://www.gst.gov.in/).
- Click on "Services" -> "Registration" -> "New Registration".
- Fill in the required details and upload the necessary documents.

3. **Verification and Approval:**
- After submission, an Application Reference Number (ARN) is generated.
- The application and documents will be verified by the GST authorities.
- Once verified, the GSTIN (GST Identification Number) will be issued.

### Benefits of GST Registration

- **Legal Compliance:** Ensures compliance with tax laws, avoiding penalties for non-registration.
- **Input Tax Credit:** Allows the business to claim input tax credit on purchases, reducing the overall tax liability.
- **Business Legitimacy:** Enhances the credibility of the business and helps in securing business with larger clients who prefer dealing with GST-registered entities.

### Conclusion

Given that your turnover exceeds the threshold limit, GST registration is mandatory. It is advisable to proceed with the registration to ensure compliance with the GST laws and to avail the benefits associated with being a registered entity. If needed, consult a tax professional to assist with the registration process and ongoing compliance.