The goods and services regime has a rule that a certain business which is being run if exceeds an annual turnover of Rs 20 lakhs then you must get GST registration in India. In case if you belong to a special state like north-eastern Indian states and Jammu and Kashmir along with other hill station states, then the rules changes and you must get GST registration if your annual turnover exceeds Rs 10 lakhs. For these businesses, a GST registration is absolutely mandatory. In ... Read more
As the newly implemented law in India, GST registration by the taxpayers is mandatory. In this article we will cover most of the basic information you will require regarding the GST registration in India.
What is GST?
GST is a short abbreviation for the goods and services tax. GST is basically a combined tax or one tax for all in a way. It’s a unified tax of all steps that took place before reaching to the consumer. The GST was implemented on ... Read more
On the off chance that you will plan your vacation or your trip in the destination of your fantasies and then you happen to check in a fancy lodging or suite, you should be very much aware of the system of production of bills in the eatery. Besides, you must know how the recently authorized GST is applied on your travel package.
The year-old GST regime has, without doubt, distinctive interpretations for various segments of the economy, in particular, Agriculture, Manufacturing
GST is a break-through in the taxation system as India progresses towards a highly structured system. Instead of falling prey to the multiple taxation systems, GST has brought in a new era which ensures that taxation system becomes logical, easy to understand and well structured.
Goods and Services Tax is all set to bring about the most desired positive change into the Indian scenario since independence. Previously, the Central Government used to ... Read more
In simple words, Goods and Service Tax (GST) is the indirect taxation system with both managed and administered by both the Central Governments and State Governments. Under the present GST regime, individuals or businesses whose turnover exceeds Rs.40 lakhs (Rs. 10 lakh for NE and hill states) are required to register as a normal taxable person. This process is called GST registration. GST registration can be done ... Read more
