/home/leansigm/public_html/components/com_easyblog/services<title>Effects of GST on business</title>
<script type="text/javascript">
window.print();
</script>
<div id="blog-title">
	<h1>Effects of GST on business</h1>
</div>

<div class="title-wrapper no-avatar">
	<div class="meta1">
		<div class="inner">
			<span class="post-date">Jun 14</span>

			<span class="post-category">
				Posted by <a href="/forum/user/2259-magandeep-kaur-bedi">Magandeep Kaur Bedi</a>				in <a href="/blog/categories/banking-financial-services-and-insurance">Banking ,Financial Services and Insurance</a>			</span>
		</div>
	</div>
</div>


<div class="post-content clearfix">
		
	<p>To replace the web of indirect taxes, GST has been introduced. Registration is mandatory under GST if:</p>
<p>1. Sales of goods and services are more than 20 lakhs (Rs 10 lakh for North East states) in a financial year.</p>
<p>2. Business is involved in inter-state supplies or supplies via e-commerce.</p>
<p>3. Taxpayers already registered under VAT/service tax also needs to migrate and register under GST. </p>
<p>The article furthers explains the benefits of GST registration such as claiming input tax credit, ease in paying taxes, paperless compliance of taxes , etc. It also explains the losses to be faced if the business is not registered under GST.</p>
<p>Read more at:</p>
<p><a href="http://economictimes.indiatimes.com/small-biz/policy-trends/heres-how-your-business-needs-to-change-for-gst/articleshow/58995677.cms" target="_blank">http://economictimes.indiatimes.com/small-biz/policy-trends/heres-how-your-business-needs-to-change-for-gst/articleshow/58995677.cms</a></p>
<p> </p></div>

<div class="post-copyright clearfix">
	</div>

<div class="post-tags">
	Tags
		<a href="/blog/tags/gst">
		<span itemprop="keywords">GST</span>
	</a>
		<a href="/blog/tags/taxpayers">
		<span itemprop="keywords">taxpayers</span>
	</a>
		<a href="/blog/tags/tax-credit">
		<span itemprop="keywords">tax credit</span>
	</a>
	</div>

<a rel="nofollow" onclick="window.print();" title="PRINT" href="javascript: void(0)">PRINT</a>