gst
GST REGISTRATION
Gst launched on July 2017, the Goods & Services Tax (GST) applies to all Indian service providers (including freelancers), traders and manufacturers. A variety of Central taxes like Service Tax, Excise Duty, CST and state taxes like Entertainment Tax, Luxury Tax, Octroi, VAT are accumulated in the GST. Also, taxpayers with a turnover of upto 20 lakhs they should to take gst registration.
Types Of GST Registration
GST Registration is 2 types Regular and Composition scheme.
Get in Tuch With Us
GST Taxes
What is a GST Certificate?
What Are the GST Tax Rates?
Goods and Services Tax (GST) is a value-added tax that is levied on the supply of goods and services in India. The GST tax rates in India are as follows:
In addition to these rates, there are some special rates that are applicable to specific goods and services. For example, gold is taxed at 3%, while crude oil and natural gas are taxed at 6%. GST is also levied on services such as telecom, insurance, and banking at the rate of 18%.
It’s important to note that GST rates are subject to change and may vary depending on the type of goods or services being supplied. It’s always a good idea to check the current GST rates before making a purchase or offering a service.
You can see the tax rates for all the products here: https://cbec-gst.gov.in/gst-goods-services-rates.html
Check out the GST calculator, which comes in handy to calculate the Goods and Service Tax using different slabs.
What is GST Return Filing
GST return filing is the process of submitting the details of sales, purchases, and taxes collected and paid by a registered taxpayer to the government. In India, GST return filing is mandatory for all registered taxpayers who are registered under GST, regardless of whether they have made any sales or purchases during the period for which the return is being filed.
For filing a GST Return, you need to have GST compliant sales and purchase invoices attached.
Documents Required For Gst Registration For proprietorship
Get Trusted and Professional Services
Our Location 🙂
copyright © Legal Blue Bird. all rights reserved.
WhatsApp us