Devsrijan
asked 3 months ago
Starting a new business in India, currently have to get VAT registration from the State Sales Tax Department. Each State has different procedures and fees for VAT registration. VAT registration and VAT payment is mandatory once a business crosses an annual turnover of Rs.5 lakhs in few other states. Once GST implemented, businesses with turnover of less than Rs.10 lakhs per annum not have to register for GST. But aannual sales turnover of Rs.10 lkhs to Rs.50 lakhs may have to pay GST only at lower rate. Therefore how does GST work for my Business?
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