Do we need to re-register for GST if we have VAT or Service Tax registration in India?
Need to re-register for GST if we have VAT or Service Tax registration in India, VAT registration for sole proprietorship or partnership business
We know that India is going to implement Goods and Services Tax (GST) very soon. Till now , When we do any sole proprietorship or partnership business, we will have to register for either Value Added Tax (VAT) or Service Tax if we exceed the taxable revenue threshold. If GST is implemented, should I register for GST again or the present VAT or Service Tax registration will automatically be converted into GST registration? What happens if I don't exceed the GST threshold limit even though my business is registered for VAT or Service Tax at present. Do I need to register for GST in such a scenario also?