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The day GST (Goods and Services Tax) was levied by the Government of India; the country has undergone various economic reforms till then. And not only that, but India has become the sixth biggest economy in the world. Despite this fact, many people are still skeptical about the GST registration and its benefits.
GST is an indirect tax imposed by the Government of India that has replaced all other indirect taxes (VAT, Excise, Sales, Service Tax, and more) imposed earlier by the central and state government on the supply of goods and services. In this blog, we will come across various exemptions under GST registration. But before that, it’s important to know what people or businesses are eligible for GST registration. Who is liable for GST Registration in India? People or businesses falling under special category defined below are liable for GST registration in India. They are:
There are a few people who are exempted from GST Registration in India. They are:
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