GST Registration Cancellation Smooth and Effective Guidance
21/03/2024 Others
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The Government of India has systematized taxation through the implementation of the Goods and Services Tax (GST), integrating various taxes into a single indirect tax law applicable for entire nation. The authorities have mandated those businesses with a turnover exceeding Rs. 20 lakhs must register for GST, with special states having a threshold of Rs. 10 lakhs. Despite the compulsory registration, businesses also have the option to withdraw from the GST scheme by surrendering their GST Number, a process known as GST Registration cancellation.
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