GST is nothing but the Goods & Service Tax, which is applicable to all business operating in India. GST is launched by Government in July 2017. GST is one of the India’s biggest reforms in terms of the taxation system. Due to GST the earlier complex taxation system become much easier for the all the business as its reduces tremendous complex efforts for multiple tax filings. For the services related businesses whose annual turnover is more than 20 Lakh and for all the business who are in supply of good having annual turn over more than 40 Lakh the GST is mandatory.