The Goods and Services Tax (GST) was implemented in India on July 1, 2017, and is required for most businesses that supply goods or services. GST is a comprehensive tax that replaced various indirect taxes that were previously levied by the Central and State governments. The GST system is a destination-based tax that is charged at the point of consumption or sale of goods and services.

Under the GST system, businesses with an annual turnover of more than Rs. 20 lakhs (Rs. 10 lakhs for businesses in certain states) are required to register for GST. Additionally, businesses engaged in inter-state supplies or online sales, regardless of their turnover, are also required to register for GST.

It is important to note that some goods and services are exempted from GST, and there are different GST rates for different categories of goods and services, which range from 0% to 28%. It is advisable to consult with a tax professional to determine the specific GST requirements for your business.