What is Goods and services tax in India
What is Goods and services tax? Goods and services tax (GST) is a consumption-based tax ultimately borne by the end consumer of goods or service. Businesses and consumers pay GST on their purchases throughout the value chain. It was passed in Parliament on 29th March 2017 but the Act came into effect on 1st July 2017 in India. Moreover, if the purchase [...]
GST Impact on Indian Economy | How GST affects India GST has changed the taxation regime in India. Let's look at GST , Impact, Examples and industr-wise breakdown of how this tax regime will work.
GST: Brief Introduction GST, or the Goods and Services Tax is a unified tax which is levied on the value added for the delivery of goods and services. The implementation of the new taxation system was put in place on the 1st of July, 2017. However, it might be interesting to note that the proposal for putting up a new [...]
How to check the status of GST Payment
Introduction In the current regime of GST, people who are engaged in the business whose annual turnover exceeds Rs. 40 lakhs is required to register as a normal taxable person according to the 32nd GST Council Meeting. This entire process of registration is called as GST registration. So, if you are seeking a reliable company who can help you to [...]
GST Rules in India . Rules for GST released by CBEC A business neds to abide by the GST rules in order to maintain compliance with the new regimen/ taxation structure obn value addition in India.
GST: Introduction The Introduction of GST [Read for origins of GST] in India has brought comprehensive changes to the taxation system and how taxes are levied on value addition in the country. In order to pay taxes via GST, the taxpayer has to register GST, and file corresponding GST returns. Compliance with the new rules and regulations can prove to be [...]
GST Facilitation Centre, Find GST Seva Kendra near you In order to help the business taxpayers with the compliance with new GST regime, the government has set up around 8000 GST facilitation centres all across the country.
What is a GST Facilitation Centre / GST Seva Kendra? The introduction of GST has been a welcome change for the way taxes are levied on value addition in India. In order to help the businesses adjust to this system, the government has setup GST facilitation Centre (s) all across the country. Since, the February of 2017, close to 8000 GST [...]
GST Verification : GSTIN/UIN Search in India GSTIN or GST identification number is the GST identifier of businesses which is used to login to the gst portal as well as conduct taxation related activities/ Let's look at the GST verification procedure
LegalRaasta's GSTIN/UIN Search Tool Enter GSTIN number of the concerned business in the field below and click "Search" Enter GSTIN/UIN Number: Introduction to GST Number The GST regime has transformed the way taxation is levied on value addition for goods and services. As a dealer, once GST application is done, you might want to do a GST verification before you [...]