Any business with a turnover above ₹40 lakhs (₹20 lakhs for service providers) must
register for GST. It’s mandatory for e-commerce sellers, interstate businesses, and
exporters.

Businesses file:
GSTR-1: Monthly/quarterly for sales
GSTR-3B: Monthly for tax payment
GSTR-9: Annual return
GSTR-4: For composition dealers

LUT allows exporters to make tax-free exports without paying IGST. It’s essential for
businesses involved in international trade.

An LUT is valid for one financial year and must be renewed annually.

GST refunds can be claimed by filing RFD-01 online, along with required documents.

Incorrect documentation, mismatched invoices, non-compliance with LUT
conditions, or discrepancies in return filings.

GST notices are issued due to mismatched returns, unpaid tax, suspicious
transactions, or audit requirements. Immediate professional assistance is advised.

Business name change, address update, contact details update, adding/removing
partners/directors, and bank detail modifications.

The Composition Scheme is for small businesses with a turnover of up to ₹1.5 crores
(₹75 lakhs for some states). It allows lower tax rates and minimal compliance, but ITC
(Input Tax Credit) cannot be claimed.

If you’re a freelancer or an online service provider earning over ₹20 lakhs (₹10L for
special states), GST registration is mandatory. You must charge 18% GST on your
services.

Yes! Businesses can switch by filing GST CMP-04, but they must comply with
regular GST rules from the next financial year.