Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. If your company is engaged in the supply of goods or services, it is mandatory to register for GST if your annual turnover exceeds the threshold limit set by the government.
The current threshold limit for GST registration is Rs. 40 Lakhs for most states in India, but it is Rs. 20 Lakhs for certain special category states.
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