What is GST?
GST or The Goods and Service Tax is an indirect or single tax applied by the Government of India. You may apply for a GST number online as well. If you are a business entity managing any online business or engaged in delivering services such as the restaurant, hotel, factories, shopping, etc., then the Government of India charges tax, which is GST. Under the GST system, every trade owner needs to have a Goods and Services Tax Identification Number (GSTIN) or a GST Number. Every registered person receives a unique identification number. This is a tax identification number that assists the income tax authorities to uphold records of GST payments and dues.
No association or business can perform business without listing under GST guidelines. Business entities can use the mode of GST registration online as well. Failing to avail of the GSTIN may award rejection of the input tax credit, and sometimes penalties.