GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST.
Goods and service tax registration
GST was introduced on April 1, 2017, the Goods & Services Tax (GST) applies to all Indian service providers, traders and manufacturers, once supply turnover crosses Rs. 20 lakh. The GST is an all-in-one tax that subsumes a variety of state Taxes (VAT, Entertainment Tax, Luxury Tax, Octroi) and central taxes (CST, Service Tax, Excise Duty). Now you can get GST registration number in Hyderabad and other cities within 3-5 days apart from government approval delay.