GST Registration and its Benefits for Small Businesses

What is GST Registration?

Good and Service Tax (GST) is recognized under indirect tax that has been replaced or modified by different Indian indirect taxes. Good and Service Tax is applied to business with turnover is higher than Rs 40 lakhs. It is also known as the consumption tax for the people engaged in business. The GST Registration in India is applicable for business owners who purchase services and good at the same rate in India.


Benefits of GST Registration:

  • Cascading effect reduction
  • Elimination of Multiple taxes
  • Saving more money
  • Ease of business
  • More Employment
  • Increase in Revenue
  • Reduction in Tax Evasion
  • Increase in GDP
  • More competitive Product

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