An Expert Assisted Goods and Services Tax Filing
Goods And Service Tax (GST) Registartion
Services Covered
Amendment Of GST Registration
Services Covered
GST LUT Filing
Services Covered
GSTR 1 And GSTR 3B Filing On Monthly Basis
Services Covered
GSTR 1 And GSTR 3B Filing On Monthly Basis
Services Covered
GSTR 1 And GSTR 3B Filing On Monthly Basis
Services Covered
GSTR 1 And GSTR 3B Filing On Monthly Basis
Services Covered
GSTR 1 And GSTR 3B Filing On Monthly Basis
Services Covered
GSTR 1 And GSTR 3B Filing On Monthly Basis
Services Covered
GSTR 1 And GSTR 3B Filing Quarterly Basis
Services Covered
GSTR 1 And GSTR 3B Filing Quarterly Basis
Services Covered
GSTR 1 And GSTR 3B Filing Quarterly Basis
Services Covered
GSTR 1 And GSTR 3B Filing Quarterly Basis
Services Covered
GSTR 1 And GSTR 3B Filing Quarterly Basis
Services Covered
GSTR - 4 (COMPOSITION SUPPLIER, QUARTERLY)
Services Covered
GST Registration Cancellation
Services Covered
GST Registration Cancellation
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GST Registration Cancellation
Services Covered
GST Annual Return Filing
Services Covered
GST Annual Return Filing
Services Covered
GST Annual Return Filing
Services Covered
GST Notice
Services Covered
GST is known as the Goods and Services Tax. It is an indirect tax that has replaced many indirect taxes in India such as excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in Parliament on 29th March 2017 and came into effect on 1st July 2017.
In other words, Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single domestic indirect tax law for the entire country.
Under the GST regime, the tax is levied at every point of sale. In the case of intra-state sales, Central GST and State GST are charged. All the inter-state sales are chargeable to the Integrated GST.
GST has mainly removed the cascading effect on the sale of goods and services. Removal of the cascading effect has impacted the cost of goods. Since the GST regime eliminates the tax on tax, the cost of goods decreases.
Also, GST is mainly technologically driven. All the activities like registration, return filing, application for a refund, and response to notice needs to be done online on the GST portal, which accelerates the processes.
There are three taxes applicable under this system: CGST, SGST & IGST.
During the pre-GST regime, every purchaser, including the final consumer paid tax on tax. This condition of tax on tax is known as the cascading effect of taxes.
GST has removed the cascading effect. Tax is calculated only on the value-addition at each stage of the transfer of ownership.
Any Business Enterprise Engaged In The Exclusive Supply Of Goods And Whose Aggregate Turnover Crossed Rs. 40 Lakhs Is Required To Obtain Gst Registration. Any Service Provider Who Provide Services And Whose Aggregate Turnover Crossed Rs. 20 Lakhs In A Year Is Required To Get Gst Registration. In Special Category States This Limit Is Rs. 10 Lakhs.
Any Business Enterprise Shall Register For Gst If They Supply Goods Inter State, I.E. Supply Of Goods From One State To Another State Irrespective Of Their Aggregate Turnover. Inter State Service Providers Need To Obtain Gst Registration Only If Their Annula Aggregate Turnover Exceeds Rs. 20 Lakhs. For Special Category States This Limit Is Rs. 10 Lakhs.
Casual Taxable Person Who Does Not Have Fixed Place Of Business In The State Or Unioin Territory From Where He Wants To Make Supply.
Persons Who Are Require To Pay Tax Under Reverse Charge I.E. Recipient Of Supply Is Liable To Pay Tax.
Persons Who Are Reuired To Pay Tax Under Section 9(5) I.E. E-Commerce Operator Who Is Required To Pay Tax On Specified Services. Every Electronic Commerce Operator Who Is Required To Collect Tax At Source Under Section 52.
Non-Resident Taxable Persons Making Taxable Supply.
Person Who Make Taxable Supply Of Goods Or Services Or Both On Behalf Of Other Taxable Persons Whether As An Agent Or Otherwise.
An Input Service Distributor Which Receives Invoices For Services Used By Its Branches And It Distributes The Tax Paid, To Such Branches On A Proportional Basis.
Every Person Supplying Online Information And Database Access Or Retrieval Services From Palce Outside India To A Person In India, Other Than A Registered Person.
Such Other Person Or Class Of Persons May Be Notified By The Govt On The Recommendations Of The Council.