GST, or Goods and Services Tax, is a comprehensive indirect tax imposed on the supply of goods and services in India. It has replaced multiple cascading taxes levied by the central and state governments, making the taxation system more transparent and streamlined.
Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration.
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