Post on Medial

GST is not needed for 10 lakh revenue startup but atleast you can register your company for safer y

I've been thinking about your business strategy and wanted to share some thoughts with you. It seems like you've built a strong presence with your existing platform and customer base, which is fantastic. Now, when it comes to obtaining a GST number, it could be a smart move, especially if you're generating significant revenue and want to streamline your tax compliance processes. Having a GST number can add legitimacy to your business and allow you to claim input tax credits, which can ultimately benefit your bottom line. Plus, it may be necessary for certain transactions or partnerships down the line. As for selling on other platforms like Amazon, while it may seem like a tempting option, focusing on growing your own platform first could yield better results. By investing in your brand and engaging with your existing audience, you can build a loyal customer base that's more likely to support your business in the long run. If you need more detailed insights or assistance Reach out!

My view is that If you put that amount on your parent's account then it will be shown as their income and taxable ,for GST no. the amount must be above 20 lpa. You may watch any video on utube to start your shop over amazon