GST (Goods and Service Tax) - Overview

The Goods and Services Tax (GST) is a type of tax on the consumption of goods and services in countries, collected by businesses from consumers and paid to the government.It was introduced officially in India on 1 July 2017, replacing the earlier system of multiple taxes, such as excise duty, service tax, and value-added tax (VAT).

Why is GST registration required?

Compulsory registration under GST is an essential step towards a unified tax system in India. It helps the government collect taxes from businesses more efficiently and ensures that companies comply with the GST rules and regulations. It also helps reduce tax evasion and increases transparency in the system.

GST registration is the fundamental start to effectively managing your business as it helps establish your brand as reliable and authentic while enabling your enterprise to operate legally.