https://www.taxtmi.com/article/detailed?id=7296 GST reduces prior central exemption thresholds, bringing many small manufacturers, traders and retailers into the tax net while enabling input tax credit to remove cascading. The law extends territorial reach across the country, treats each state registration and distinct establishment as separate taxable persons, and mandates registration for importers, exporters and inter-state suppliers. A composition scheme offers a simplified flat-rate compliance option for eligible small businesses, while state-wise registration and identification of business verticals drive additional registration and compliance decisions. en-us Tue, 28 Feb 2017 11:39:37 +0530 Tue, 28 Feb 2017 11:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7296 GST reduces prior central exemption thresholds, bringing many small manufacturers, traders and retailers into the tax net while enabling input tax credit to remove cascading. The law extends territorial reach across the country, treats each state registration and distinct establishment as separate taxable persons, and mandates registration for importers, exporters and inter-state suppliers. A composition scheme offers a simplified flat-rate compliance option for eligible small businesses, while state-wise registration and identification of business verticals drive additional registration and compliance decisions. Articles Goods and Services Tax - GST Tue, 28 Feb 2017 11:39:37 +0530 https://www.taxtmi.com/article/detailed?id=7296