The Goods and Services Tax GST ) has been at the center of discussion over the past couple of months primarily because it is so radical. We list out some of the key areas that businesses need to come to grips with and also the areas of concern that still remain.If you run a business, you need to get registered and obtain your GSTN number. Currently, new registration under GST is open and can be done here India's GST is unique because it has a feature of matching invoices. No other country has this and it is a great way to check fraud and tax evasion, but it also makes the process of filing for input tax credit much more difficult. So what is input tax credit?

Source: Economic Times July 01, 2017 07:26 UTC