Register Your Business in India with Tide

Every entity whose taxable supply of Goods or Services or both exceeds the threshold limit has to be registered for GSTIN.

Following is the aggregate turnover limit for any business entity to get registered under GST:

For Supply of Goods:

Normal Category States - If Aggregate turnover exceeds ₹ 40 Lakhs

Special Category States (North east states) - If Aggregate turnover exceeds ₹ 20 Lakhs

For Supply of Services:

Normal Category States - If Aggregate turnover exceeds ₹ 20 Lakhs

Special Category States (North east states) - If Aggregate turnover exceeds ₹ 10 Lakhs

Registration under Goods and Service Tax (GST) regime will confer following advantages to the business:

• Legally recognized as supplier of goods or services.

• Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business.

• Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.

• Getting eligible to avail various other benefits and privileges rendered under the GST laws.

Udyam Registration is available for manufacturers and service providers operating in India under MSME classification.

Businesses involved in manufacturing goods or providing services are eligible for Udyam registration.

However, traders engaged only in buying, selling, importing, or exporting goods are not eligible under Udyam registration rules.

With a valid Udyam certificate, businesses can: 

• Easily apply for Government tenders and MSME tenders.

• Get lower interest rates on business loans.

• Access tax rebates and MSME scheme benefits.

• Get faster approvals for business licenses and registrations.

• Avail quicker loan processing from banks and NBFCs.

• Receive tariff subsidies and capital subsidies under MSME schemes.

• Claim concessions on trademark, patent, and copyright registration fees.

Udyam registration helps small and medium businesses reduce costs and improve funding access.

eMSME is a recognized service provider facilitating business registrations and compliance for MSMEs. Tide has partnered with eMSME to facilitate eMSME's seamless business registration services to its members.