Good And Service Tax
GST is only tax which levied on either sale of goods or services. Ithas replaced multiple indirect taxes. Government of India has created favorable conditions for businesses and promotes ease of doing business phenomenon. Every person needs to get registered under GST who sells goods or services. However, it is optional for a businessman whose annual turnover of financial year is below than 40 lakhs.
Followings are the cases where GST registration is mandatory: –
- Inter-state suppliers
- Persons taxable under the reverse charge
- Casual taxable person
- Non-resident taxable person
- Person required to deduct TDS under GST
- Persons required to deduct TCS under GST
- Input service distributors
- Persons making a sale on behalf of someone as an Agent or Principal
- Every e-commerce operator who provides a platform to suppliers to create supply
- Suppliers who supply goods through e-commerce operator who is liable to collect TCS

Advantages Of Income Tax Return
Simple & Easy Procedure
From registration process to return filling process, everything is simple and online on GST portal.
Single Registration Required
There is only single registration required for multiple business verticals and different locations within a state it is optional if applicant needs multiple registrations.

Less Compliance Burden
A businessman doesn’t need to maintain multiple records and file multiple returns according to different taxation system.
Remove Cascading Effects Of Tax
GST remove the cascading effects of tax, earlier, if any businessman is a registered dealer in VAT but not in Service Tax then he/she cannot avail the benefits of Input Tax Credit (ITC).
Composition Scheme For Small Business
Small businesses have an option in GST to opt for composition scheme with the benefits of lower tax rate and minimum compliance burden.