One will be given a unique GSTIN (Goods and Service Tax Identification Number) after they have registered under the GST regime in the city of Mumbai.
The Goods and Services Tax is an indirect tax that has been imposed in India to replace a number of indirect levies. The threshold limit for GST registration is ₹ 40 lakhs for a supplier of goods and ₹ 20 lakhs for a provider of services, according to revisions made at the 32nd council meeting. In addition, the North-Eastern States can pick between the threshold limits of ₹ 20 lakhs and ₹ 40 lakhs.
GST Threshold in Mumbai
An annual turnover of ₹ 20 lakhs was initially set as the threshold for taxpayers in Mumbai for GST Registration Process at the time of its commencement. However, now for the sale of goods, Mumbai honours a threshold limit to ₹ 40 lakhs. The threshold restrictions for service providers in Mumbai, on the other hand, have remained unchanged at ₹ 20 lakhs.
According to the GST state code list, Maharashtra’s GST state code is 27. For example, the first two numbers (27) of a GSTIN signify Maharashtra’s GST state code. The GST state code identifies Maharashtra as the location of the business. In Maharashtra, no business which has crossed the threshold limit may function without a state-issued GST code.
How Vakilsearch Can Assist in Mumbai GST Registration
Don’t think you can undergo the rigmarole of GST’s indirect taxation formalities? Apply for GST in Mumbai without any hassle with the help of experts at Vakilsearch
- As a first and foremost step, you must get in touch with Vakilsearch ‘s GST specialists to assess your GST needs and requirements
- Our team of professional GST specialist’s will then ensure that all your paperwork and documentation is in order, so as to facilitate hassle-free GST enrollment.
- Our skilled legal team will then guide you through the GST registration process and complete the entire process on your behalf so that you can acquire your ARN and GSTIN as soon as possible.
- The Vakilsearch team will also help manage any difficulties in terms of compliance and physical verification that may occur during the registration process.
- Additionally, our professionals can even help you out post-registration by handling all of your return filings to keep you GST compliant.
Get in touch with us today!
Use our GST calculator to Calculate GST amount to be paid before registering for GST.
GST Registration in Mumbai – FAQs
1. How Long Does a Non-resident Taxable Person’s Registration in Mumbai Last?
In the city of Mumbai, registration as a non-resident taxable person is granted for a maximum of 90 days.
2. In Mumbai, what is Suo Moto GST registration?
Suo moto registration or temporary ID generation is the act of authorized tax officials working to begin the process of generating and issuing a ‘Temporary ID’ for the purpose of depositing the money collected by tax officials from unregistered persons, particularly during enforcement proceedings initiated by Maharashtra’s GST enforcement wing.
3. What is the need for Suo Moto GST registration in the city of Mumbai?
A tax official will commence suo moto registration in Mumbai if an inspection, raid, or detention of a goods vehicle by the tax authority’s enforcement wing results in the demand of GST payment: https://reg.gst.gov.in/registration/ by unregistered people.
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