It is mandatory to register under GST when annual turnover (taxable and exempt) exceeds INR 40/20 lakh or supply goods or services are inter-state or through an e-commerce platforms.

Tax rates vary from 0% to 28% depends on the type of goods & nature of services you are selling.

Only businesses who have GST registration can avail credit of tax paid at the time of purchase of taxable goods/services.

Every assessee who is registered under GST is required to file three monthly/quarterly returns and one annual return. The payment of taxes is on a monthly basis.

Business Unit having an annual turnover of less than 1.5 crores may opt for the scheme. Requires to pay tax ranges from 1% to 5% & file quarterly return.

A person who occasionally supplies goods and/or services in a territory where GST is applicable and he does not have a fixed place of business in such circumstances GST registration for a casual taxable person is compulsory.