The Indian government formed a new act, known as the name of the Goods and Services Tax Act 2017. The GST Act was officially passed on 29 March of the same year. Goods and service tax (GST) is an indirect tax which was formed to finish all other indirect taxes in India, in order to create a single taxation authority and increase the efficiency of the process. The GST is an indirect tax that will be used to supply goods and services in India. The GST is multi-staged as it is imposed at every step in the production process. The GST is paid by the consumers and is then addressed to the government by the businesses. Must be registered under the GST act for ITC, No person can collect tax from his purchaser or claim any credit of tax paid by him.
The New GST Registration Online has become mandatory for businesses with an annual turnover of Rs 40 lakhs above. For North East and hill States, GST Registration is mandatorily required for the businesses Turnover is more than Rs 20 lakhs Annually and get your GST Application Number Received in just one day, and after processing GST Registration get your GST Registration in Kota within few working days.
