31
Dec
Goods and Services Tax (GST) registration is essential for businesses operating under India’s unified indirect tax system, as it provides a legal tax identity, enables compliance, and allows access to input tax credit. GST replaces multiple state and central taxes, simplifying taxation and improving transparency. Businesses must register for GST if their annual turnover exceeds ₹40 lakh for goods suppliers or ₹20 lakh for service providers, except in special category states where lower thresholds apply. Certain entities must register regardless of turnover, including inter-state traders, e-commerce sellers and operators, casual taxable persons, non-resident taxpayers, and those liable under the Reverse…
