In 2017, the central and state governments of India implemented the Goods and Services Tax (GST), an indirect tax regime that replaced several cascading taxes. All enterprises must obtain GST registration if their yearly turnover exceeds Rs 20 lakhs (or Rs 10 lakhs for Northeastern and hill regions). This entails obtaining a distinct 15-digit GSTIN and electronically submitting your regular GST returns. Businesses that register for GST benefit from increased consistency, easier tax compliance, and the ability to collect input tax credits for taxes paid on business expenses. Additionally, it b
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