Beginning July 2017, Goods & Services Tax (GST) will be applicable to all Indian service providers (including freelancers), traders and manufacturers, once their supply turnover crosses Rs. 20 lakh. The GST is an all-in-one tax that subsumes a variety of state (VAT, Entertainment Tax, Luxury Tax, Octroi) and central taxes (CST, Service Tax, Excise Duty). GST is to be charged at every step of the supply chain, with complete set-off benefits available. The procedure for GST is completely online and requires no manual intervention. A composition scheme will also be there under GST for businesses with a supply turnover of less than Rs. 50 lakh.
Do you need GST Registration?
A business element that is right now enlisted under any of the current assessment administrations then it is necessarily required to move under GST law independent of the edge limits.The taking after focal and state level duty administrations will end with presentation of Goods and Service Tax (GST)
Be that as it may, in the event that you are providing merchandise and enterprises and not enrolled under any current expense administrative then you are obligated to enlist just if the total turnover in any budgetary year surpasses as far as possible. The current edge restrain indicated by the GST board is 20 lakhs for every one of the states aside from North Eastern States where the breaking point is 10 lakhs