GST Registration

• Required if aggregate turnover exceeds ₹20 lakh (₹10 lakh in some states)
  
• Mandatory for inter-state sales or online service providers
  
• Separate registration for each state of operation
  
• Voluntary registration allows ITC claims and vendor trust
  
• GSTIN must be mentioned on all invoices and marketing materials
  

Return Filing

• Monthly or quarterly filing of GSTR-1 and GSTR-3B is mandatory
  
• Annual return in GSTR-9 required for larger startups
  
• Input-output reconciliation is essential for ITC accuracy
  
• Composition scheme available for eligible startups dealing in goods
  
• Delays in filing lead to late fees, interest, and portal lockout
  

E-Invoicing and E-Way Bill

• E-invoicing mandatory for startups with turnover above the prescribed limit
  
• Goods movement requires e-way bills for consignment over ₹50,000
  
• Proper documentation ensures smooth logistics and tax compliance
  
• Tools and ERP systems must be GST-integrated
  
• Startups must train staff in digital GST procedures
  

Audit and Assessment Readiness

• Maintain accurate records of invoices, returns, and payments
  
• Track notices or discrepancies issued by GST officers
  
• Reconcile GSTR-2B with purchase ledger monthly
  
• Retain all financial data for six years from the end of the financial year
  
• Prepare for possible scrutiny and department inquiries
  

Technology and Support

• Use cloud accounting or GST software for compliance tracking
  
• Automate filing reminders and payment alerts
  
• Consult professionals for startup-specific GST strategy
  
• Monitor rate notifications and circulars relevant to your sector
  

Leverage compliance to build credibility with investors and clients