GST is Come into Force from July 2017, where Government has rolled out One Nation One Tax structure in which both Central and state Government will receive Tax From the Taxpayers. GST Registration is applicable on all goods and services except petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel till date. It now replaces service tax, excise, VAT, and CST etc.

The GST is applicable to Goods and Services where turnover limit exceeds 20 Lakhs. However as per the latest amendment a Supplier of Goods now require to get Register in GST if turnover exceeds 40 lakhs. Further to Provide relief to small taxpayers who has turnover upto 1.5 crore can opt for the Composition scheme and Pay tax @ 1% of the Turnover without claiming any ITC. However for Service provider this limit is upto 50 lakh and tax rate for Composition scheme is 6%.

A person can Voluntary can get Registered in GST Regime. Further, all persons who make Interstate purchase or sales of services or goods have to apply for GST registration without any exemption limit.