GST is Goods and Services Tax, is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.
Every Company involved in sales and purchases of goods and other services relating to goods are required to register for GST. When a company is registered with GST, the company is recognized by the law, Government and by the public. The firm also receives advantages provided by the government without any issues.