What is GST? A Simple Guide for Everyone

GST, or Goods and Services Tax, is one of the biggest tax reforms in India. Introduced on 1st July 2017, it replaced a complex web of indirect taxes like VAT, Service Tax, Excise Duty, and others — bringing in a single unified tax system across the country. Whether you're a business owner, freelancer, or just curious, this guide will break down everything you need to know about GST in simple terms. 💼 Who Should Register for GST? Any business with turnover above ₹40 lakh (₹20 lakh for services in some states) E-commerce sellers Businesses doing inter-state sales Casual or seasonal businesses Agents of suppliers Individuals paying tax under reverse charge