Top 10 Common Misconceptions Surrounding GST Registration

The introduction of the Goods and Services Tax (GST) in India marked a significant overhaul of the country’s tax structure. While GST aimed to simplify the taxation process, several misconceptions have emerged surrounding its registration. Addressing these misunderstandings is vital for businesses to ensure they are compliant and can reap the benefits of this unified tax regime. Here are the top ten common misconceptions about GST registration: Any Business Can Register for GST: Many believe that any business can register for GST. In reality, there is a turnover threshold below which registration is not mandatory. However, certain benefits, like availing […]