Goods & Service Tax
Goods & Service Tax
GST Registration & GST Return Filing
- GST stands for goods and service tax and is levied on the supply of goods and services.
- Goods and service tax is an indirect tax and has replaced many indirect taxes like service tax, VAT, excise duty, etc.
- Businesses and individuals registered under pre-GST law and businesses having a yearly turnover of fixed-rate are eligible for GST registration. Apart from this, there are certain circumstances under which GST registration becomes mandatory.
- After GST registration, the individuals have to furnish the details of sales and purchases of goods and services along with the tax collected and paid. This can be done by filing online GST returns on a monthly basis or as the case may be.
