GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services in India. GST has replaced several indirect taxes and provides a unified tax system across the country.

Key points:

• GST registration provides a legal tax identity to eligible businesses.
• Registered businesses can collect GST from customers and claim eligible Input Tax Credit (ITC).
• GST returns must be filed periodically as applicable.
• GST registration is generally required when a business crosses the prescribed turnover threshold or falls under specified compulsory-registration categories.
• GST compliance helps businesses maintain proper records and operate smoothly with other businesses and government authorities.