GST is an indirect tax which is levied on goods and services, every person who supplies any goods or service has to get registered under GST. GST is the biggest tax reform in India in recent time. It has been introduced by Government to subsume a number of taxes which was levied by state and central government on goods and services.
It is a destination based consumption tax. Every person whose turnover does not exceeds `20 lakhs (`10 lakhs in case of special category states) is not required to hold GST registration. However there are some other category who is required to obtain GST registration without any turnover limit. Person without GST registration cannot collect GST from its client/ customer and is not allowed to take credit of Input tax paid on goods and services procured from other registered person. We at Expert Advisorz help you in identifying the type of registration required and getting the same applied and approved from GST department.
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