Online GST Registration Portal: A Guide for Coimbatore Businesses
GST Registration in Coimbatore: A Comprehensive Guide Coimbatore, known as the Manchester of South India, is a thriving hub of commerce and industry. With a strong presence of textile, manufacturing, and IT industries, businesses in Coimbatore are integral to the economic landscape of Tamil Nadu. To facilitate smooth operations and compliance with tax laws, understanding the process of GST (Goods and Services Tax) registration in Coimbatore is crucial for businesses. What is GST? GST is a unified, multi-stage, destination-based tax that is levied on every value addition. It has replaced many indirect taxes that were previously levied by the central and state governments, thereby simplifying the tax structure and fostering a common national market. Who Needs GST Registration? Businesses with a Turnover Exceeding Threshold Limits : Any business whose aggregate turnover exceeds ₹40 lakhs (₹20 lakhs for special category states) in a financial year is required to register for GST. In...