Suppose my aggregate turnover of cloth(taxable goods) for the financial year 2016-17 i.e.assessment year 2017-18 is Rs.35 lakh...shud i nees to register under GST?......or turnover for registration under GST is for financial year 2017-18.....thanx in advance
Whether you are registred under existing indirect tax, like vat? if ye syou will be migrated to gst on the basis of provisional registation id alloted to you. After 1 july you may cancel your registartion or conyinue under GST.
There are various benefits which can be witnessed in the Indian market, be it for the business, the government or the consumer, after the introduction of the Gst Registration