• Regular GST Registration:

If your business earns more than a certain amount (right now it’s Rs 40 lakhs for the sale of goods and Rs 20 Lakhs in case you are a service provider, you need to register under GST. The turnover limit is to be examined PAN-wise and not state-wise

• Composition Scheme:

This is a facility extended to small businesses. Instead of paying GST based on each sale, you pay a fixed percentage. However since this is specifically intended for small businesses, only persons with an aggregate annual turnover of up to Rs 1.5 Crores can exercise this option. Another catch here is, that once a business avails composition option, it cannot utilize ITC

• Casual Taxable Person:

If you’re doing business in India for a short time, like selling at a fair or expo, you need this type of registration. It’s like getting a temporary pass. A casual taxable person must obtain GST registration irrespective of the turnover. Also such persons must remit their estimated GST liability in advance with the department

• Non-Resident Taxable Person:

If you’re not from India but still want to do business here, you need this type of registration. Its very similar to Casual Taxable person , but here the business is not a resident of India

• Input Service Distributor (ISD) Registration:

Big companies with branches all over the place need this. It helps them share taxes properly between their different offices. It’s like making sure everyone gets their fair share of the  Input tax credit available on common inputs/expenses/ purchases

• GST Registration for E-commerce Operators:

If you run a website where people buy and sell stuff, you need this type of registration. It helps keep track of taxes on online sales.

This is in a nutshell a very brief outline on types of registration. So, take a deep breath, take it one step at a time, and remember, we’re here to help you every step of the way on your GST registration journey! For any queries or clarifications feel free to reach us at info@clearbiz.in