New Delhi [India], August 29: If you run a business for yourself, one question is bound to appear before you, or perhaps your tax advisor, at some point: Do I need GST registration? The short answer is: Not necessarily. A sole proprietorship and GST registration are two different things. A sole proprietorship is a type of business structure, whereas GST registration is a tax procedure that becomes mandatory when you cross a turnover threshold or have opted to register voluntarily under specific scenarios.
Ani (asian News International)
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