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Startup need gst registration

Priyokumar Thounaojam (148 Points)

12 October 2017

Do startup need gst registration

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 October 2017

It's your own decision with your business dealings...
If your dealings to Registered dealer they ask Taxable bills then you want registration under GST.
Also they don't want GST taxable bills don't want registration....

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Vinod Araveti (Practicing CA) (1180 Points)
Replied 12 October 2017

Before taking decision on taking of registration or not, you have to consider the following as pects,

Your clinet base - whether they are registered or not.

Your input credit eligibility - how much credit you can avail if you get registered

Your supplier base - Whether they are registered or not ........ and so on...

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Priyokumar Thounaojam (148 Points)
Replied 12 October 2017

I want to deal with services. Like web designing. Desktop software

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 October 2017

Also stands above said replies....
It's your own decision...
If you take registration then you ll be follow all the rules under GST...

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Sir Iyerji (Online marketing) (61 Points)
Replied 15 October 2017

1.it depends your future client base are consumers or companies . Indivuals (with out GST) may pay cash/cheque for your software services with out a GST tax invoice (bill of sale/service may suffice to record the transaction).

2.If your future clientale are companies with GST & they want to record the expenses easier they prefer suppliers /consultants with GST regn.

3.so no GST may be a hinderance if your new start up depends on corporate clients( B2B)... if you are selling to retail consumers to start with (B2C) .. the your start up can manage with out GST... but opening a business name current a/c with out GST may be difficult unless you get shop liecence from local municiplaity / regd patnership deed/ or a Pvt Ltd /OPC Pvt ltd company incorporation...