Obtaining GST Registration In Mumbai
Mumbai is considered the financial and business capital of the country. The city is also one of the largest which has thousands of citizens thronging to it in order to fulfill their entrepreneurial dreams, thus justifying the name given to Mumbai, that is, “city of dreams”. However, one of the vital requirements for these aspiring entrepreneurs to keep in mind, while starting their business is to obtain their GST registration in Mumbai. To understand what is GST in India or Goods and Service Tax, it’s a revolutionary taxation scheme that has brought about a change in the way businesses operate, throughout the country. The GST ensures a uniform taxation structure across the country and therefore the GST registration procedure is the same in Mumbai as well as across the rest of the country.
Many small businesses feel that GST is only for larger organisations and businesses. But that is far from the truth and all types of goods and service related businesses can benefit from registering under GST. The GST scheme has several advantages for the business owners, such as-