Are you selling goods or a providing service? Do your annual sales exceed INR 20 Lakhs (or INR 10 Lakhs for northeast states of India)?  If yes, then you need to register online for GST and get a unique Goods and Services Tax Identification Number – GSTIN.

GST has become a crucial part of every business and has also helped streamline a lot of processes. While it may not have helped lower the price of products as promised during inception, it definitely is making things a lot more transparent. And since the whole process is online, it is also becoming easier to login and track one’s credit statements.