The Goods and Services Tax (GST) ecosystem in India has taken a significant step forward with the introduction of the Invoice Management System (IMS) on the GST Common Portal.
The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In the realm of GST, various forms are filed for the purpose of reporting, compliance, and reconciliation
One of the critical aspects of GST is the mandatory registration for businesses that meet specific criteria. This blog post aims to provide a comprehensive understanding of the mandatory GST registration process, its implications, and the conditions under which it becomes essential