Register for GST, if you pay indirect, service tax

Mandatory registration for businesses with annual turnover above Rs 20 lakh

The goods and services tax (GST) rates are finally out. And while the end-consumers will be impacted by change in prices of various commodities and services, the question is who, among entrepreneurs and professionals, is liable to register for it? And how will things change for them after July 2017? 

Who should register under GST? 
 

It is mandatory for anyone running a business or a professional to pay GST if the aggregate turnover exceeds Rs 20 lakh in a financial year computed on an all-India basis. For special category states, which include Northeastern states, Jammu and Kashmir, Himachal Pradesh and Uttarakhand,