Goods & Service Tax (GST) is upcoming single unified indirect tax system for the whole nation. It will be single tax on supply of kinds of goods and services. GST is mainly on value addition at each stage of manufacture / supply of goods or services till it finally reaches to consumer.
Are you required to get GST registration?
All business entities currently registered under any of the indirect tax regime like Excise, Service Tax, VAT, Sales Tax, Luxury Tax, etc are mandatorily required to get GST registration without any threshhold limit. Apart from above, all the supplier of goods and service having annual turnover above threshhold limit of INR 20 lakhs (2 million) are required to get GST registration.
GST registration / migration at just INR 1,499*
Are your prepared for the upcoming GST ? If not, then connect with us for
any advisory or assistance on GST framework.