GST registration is mandatory for businesses reaping yearly turnover exceeding Rs 40 lakhs. GST clubs various indirect taxes such as VAT, state taxes, excise duty, etc., to simplify the business tax structure. Getting registered under the GST Act is compulsory…
In the business realm, we often come across a widespread query like – Is GST registration for small business mandatory? The answer is yes since all businesses undertaking fiscal transactions fall under the GST regime. However, it should be noted…
No, its not mandate a trade license for GST Registration approval. There is a general misconception that a trade license copy serves as a mandatory annexure while applying for a GST certificate. In reality, both certificates serve distinct purposes and…