Goods & Services Tax (GST) is an indirect tax that is levied on almost all goods and services across the country. It is  enforceable as of 1st July 2017 in the whole country under the Goods and Services Tax Act, 2017, before the commencement of this act there are many other acts that were leviable on different stages of goods production and services. The main objective of this act is to remove double taxation and make taxation simple and easier. There is only one intention to bring this act is “ONE NATION ONE TAX.” Before the commencement of this act, every state has their taxation law for goods and services, so sometimes it will create confusion among the traders when they trade their goods or services from one state to another. GST registration is mandatory for those service providers whose turnover exceeds the value of Rs. 20 Lakh and manufacturer whose turnover exceeds Rs. 40 Lakh. However, for North East India and the Hill States, the amount is Rs. 10 Lakh and for manufacturer Rs. 20 Lakh; and who has registration in earlier laws like VAT registration, Service Tax Registration, License under Excise law, etc; and those who are involved in an interstate transaction. Service providers or manufacturers can be any person whether individual or any private limited company or one person company or public limited company. Now due to this act, these kinds of issues are abolished now the trader can easily transact his business from one state to another without having any taxation complexity. There is a different category of the tax rate for the different classes of goods and services. There are four categories to tax slab, and these are; 5%, 12%, 18%, and 28%.

Once GST is registered the GST return has to be filed on a monthly or quarterly basis regularly. The applicant voluntarily files the GST registration application whether turnover exceeds the limit or not but once it is registered the return has to be filed mandatorily. Now the government provides an option at the time of company registration that if anyone wants the GST registration, he can apply it with the company registration online.