Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% and 18%.
Implementation of GST in India Will also help to build a transparent tax levy and corruption free tax administration
Under GST as All the Indirect taxes are integraed, so the taxation burden to be split equitably between manufacturing and services
GST will not be a cost to registered retailers therefore there will be no hidden taxes and the cost of doing business will be lower
GSTN is backed by the GSTN, which is fully integrated tax platformto deal with all aspects of GST
Overall product cost decreases, this will result in increase in Demand so does the GDP which is another benefit to the economy
Checks at state borders slow movement of trucks. In India, they travel 280 km a day?? compared with 800 km in the US.
By giving all the required details like PAN and other, TRN will be generated. By using TRN you can Login to GST Portal.
Complete the Profile with Required Information and Documents.
Submit your Profile by using Aadhaar verification or Electronic Verification Code(EVC) or DSC for Proprietorship and Partnership, In case of Company submission only with DSC.
With the introduction of GST, All the existing Taxpayers have to migrate to GST. The following documents are required for online GST Registration.
As per section 2 (6) of the MGL, aggregate turnover includes the aggregate value of:
(i) all taxable and non-taxable supplies,
(ii) exempt supplies, and
(iii) exports of goods and/or service of a person having the same PAN.
The above shall be computed on all India basis and excludes taxes charged under the CGST Act, SGST Act and the IGST Act.Aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies.
Existing taxpayers are liable to enroll under GST system portal. An existing taxpayer is an entity registered with any of the authorities;
Central Excise, Service Tax, State sales tax/VAT (except exclusive liquor dealers), Entry tax, Luxury Tax, Entertainment tax.
No. A person without GST registration can neither collect GST from his customers nor claim any input tax credit of GST paid by him.
Any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed in a year is liable to get himself registered. However, certain categories of persons mentioned in Schedule III of MGL are liable to be registered irrespective of this threshold. An agriculturist shall not be considered as a taxable person and shall not be liable to take registration.
Yes, the registration Certificate once granted is permanent unless surrendered, cancelled, suspended or revoked.
The tax would accrue to the taxing authority which has jurisdiction over the place of consumption which is also termed as place of supply.
Tobacco and tobacco products would be subject to GST. In addition, the centre would have the power to levy Central Excise duty on these products.
India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.
Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST/UTGST.
The CGST and SGST would be levied at rates to be jointly decided by the Centre and States. The rates would be notified on the recommendations of the GST Council.
Exports will be treated as zero rated supplies. No tax will be payable on exports of goods or services, however credit of input tax credit will be available and same will be available as refund to the exporters. The Exporter will have an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim refund of Input Tax Credit (ITC).
No hidden charges
GST Registration for Existing Tax payers who have registered under sales tax or service tax.
No hidden charges
For New Business who have not registered under sales tax or services tax.
No hidden Charges
GST Registration and one DSC for Business not registered under sales tax and service tax.
Call us for online GST Registration — 9884113300