Some Frequently Asked Questions About Goods and Services Tax (GST)
GST Council categorised 1200 products under the tax brackets of 5, 12, 18 and 28%, and things are now finalised.
Q 1. What is the GST bill?
Q 2. What is the minimum annual revenue for registering under GST?
Q 3. Do I need to register under GST? My online business is very small.
Q 4. What Exactly Is An Ecommerce Business, as per GST?
Q 5. What will happen if my business avails exemption, and doesn’t get registered under GST?
Q 6. What if I am a stubborn businessman, and not registering under GST?
Q 7. How can I register my small business with GST?
Q 8. How many returns will be required to file under GST?
Q 9. I have heard about presumptive tax? Will it work for my small business?
Q 10. Ok, I am eligible for presumptive tax. What are the drawbacks?
Q 11. Can service providers claim GST payment based on purchases made for the business?
Online GST register – www.gst.gov.in
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