GST Registration

Descrição

The biggest tax reform in India is the Goods and Services Tax, or GST. By bringing different taxpayers within the GST framework, it is constantly enhancing and growing the Indian tax base. Additionally, under the new goods and service tax registration system, it has eliminated multiple taxes and consolidated them into a single law for indirect taxes. As a result, all firms that engage in the purchase, sale, or both of products and services must register for GST. Furthermore, without GST, a person cannot claim any Input Tax Credit for taxes paid by him, collect GST from his clients, and in the worst situations, he may even face penalties.