GSTGST
Goods and Services Tax
(GST)
Definition
India's unified indirect tax system replacing VAT, service tax, and excise duty. Applies to supply of goods and services. You must register for GST if your annual turnover exceeds ₹20 lakhs (₹10 lakhs for Northeastern states).
Why founders care
Register for GST as soon as you cross the threshold — or even before if you have B2B clients, as they need your GST number to claim input credit. Unregistered businesses cannot collect GST.
Related terms
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