What Is GST? How Does It Work? And Why Should You Register?
Tax season is almost upon us and taxpayers should be aware of the GST (Goods and Services Tax) registration charges. Contrary to popular belief, registration under GST is free. You don't need to pay anything for registration or make any other payments related to GST. However, tax defaults or short payments will incur a GST penalty. Considering the numerous benefits of registration under GST, it's definitely worth filing your returns and paying your taxes correctly this year. In addition to ensuring that you're fully compliant with tax laws, registration also brings many exciting perks into play, like ease of business deduction and various tax breaks. So what are you waiting for? Register now ! What is GST? Goods and Services Tax , In India, a tax known as GST is levied on the majority of products and services. All companies are required to collect this tax from customers at the point of sale. The GST that registered businesses have collected from their clients and recorded...