In the current indirect tax regime, traders need to take registration under state VAT when their turnover exceeds prescribed threshold limit.
In the GST regime, a trader needs to take registration in each of the state from where he is supplying his good.
The GST Council approves the Draft law under the chairmanship of Minister of Finance & Corporate Affairs, Shri Arun Jaitley. This clears the deck for Central Government to take these 2 bills to the Parliament for their presentation in the ongoing Budget Session.
The Goods and Services Tax (GST) council is heading towards the finalization of the revised GST laws in its 11th meeting on March 4 and 5, 2017 and is also likely to retain the clause on services sector, whereby service providers companies will be required to register in every state where they operate.