GOODS AND SERVICES TAX (GST)

GOODS AND SERVICES TAX (GST)

GOODS AND SERVICES TAX (GST)

Goods and Services Tax (GST) in India is a comprehensive indirect tax introduced in July 2017. It replaced multiple indirect taxes, aiming to simplify the tax structure, reduce evasion, and promote business ease. GST is a destination-based tax, collected at the point of consumption. Goods and services are categorized into different tax slabs (0%, 5%, 12%, 18%, and 28%), with some goods subject to additional compensation cess. Registered businesses charge GST and claim input tax credit, ensuring the burden is on the final consumer and preventing tax cascading. The GST Council administers GST, bringing uniformity and transparency in indirect taxation.

Types Of GOODS AND SERVICES TAX (GST)

GST Registration

GST registration in India is the process of obtaining a unique GSTIN for businesses. It is mandatory for eligible businesses to register and allows them to collect and remit GST,

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GST Return FIling

GST return filing in India is the process of submitting periodic tax returns by registered businesses. It involves reporting sales, purchases, and tax liabilities under GST.

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GST Registration cancellation

GST registration surrender in India refers to voluntarily canceling a GST registration. It involves submitting an application to the tax authorities,

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