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Definition of GST

Definition of GST

admin 03/03/2018 0
  Definition of GST Registration  By GST is meant Goods and Service Tax in which are subsumed all taxes for instance Service tax, Sales tax, Excise duty, etc. into all-inclusive GST. You need GST registration mainly if it happens that your turn over for year is more than twenty lakh. In case your turn over is less than twenty lakh it is suggested you voluntarily go for GST registration for the reason: You cannot avail tax benefits that are there as you will not obtain the tax refunds, for example, you purchase goods costing Rs 100,000 during a year and tax is taken at the rate of 28%, normally...
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