GST, or Goods and Services Tax, is a comprehensive, multistage, destination-based tax levied on the supply of goods and services. It is designed to simplify the taxation process by subsuming a variety of indirect taxes into a single tax system. GST aims to create a unified market, reduce the cascading effect of taxes, and increase compliance.
Central Goods and Services Tax (CGST)
State Goods and Services Tax (SGST)
Integrated Goods and Services Tax (IGST)
Union Territory Goods and Services Tax (UTGST)
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Interstate trading is impossible without having a GST number. It is possible only after registering the business under GST.
You must acquire a GSTIN if you are willing to compete with big brands like Amazon, Flipkart, Shopify, Paytm on ecommerce platform or through your own website.
If you have a GST Number, you can avail Input Tax Credit while filing for GST return.
You can sell your products in other states only after completing the registration for GST.
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