Enter GSTIN to get 18% GST Credit Get Started IndiaFilings/Learn/GST/Gstin GSTIN: A Comprehensive Guide Understanding GSTIN Structure of GSTIN Significance of GSTIN Obtaining a GSTIN Compliance and Validity Conclusion Why IndiaFilings is the Right Choice for Your GST Registration Needs?
Goods and Services Tax (GST) will be a transformational restructuring of Indian taxation system by developing common unified national market and reducing cascading effects of tax on goods and services. This will lead to complete overhaul of indirect tax structure in India. The main objectives of ...
Inverted Tax Structure in the GST regime Since the WFH situation is back, we have updated these articles for your reference: 9 Step Work from Home Productivity Guide for CxOs amidst Coronavirus lockdown Cloud Software in times of COVID-19 Now, let us look at the GST Compliance Calendar for...
#7. Simplifying the tax structure and compliance burden, making it easier for businesses to operate #8. Providing legal protection to businesses by enabling them to take legal action against customers or suppliers in case of non-payment or non-compliance. Penalty for Not Registered under GST In...
The current 3% gold GST rate replaced the earlier tax structure of 1% VAT and 1% service tax under the pre-GST regime, simplifying taxation and standardizing rates for gold transactions across the country. 24 Carat Gold GST Rate in India in 2025 ...
structure, registering with the appropriate government agencies, and ensuring compliance with all legal requirements. We take pride in helping our clients start their businesses off on the right foot and setting them up for long-term success. Let us help you take the first step in your business...
Maharashtra (exporting state) will transfer to the Centre the credit of SGST of INR 900 used in payment of IGST. The Centre will transfer to Rajasthan (importing state) INR 450 as IGST credit used. **Note:Custom duties are not part of this tax structure. ...
Businesses in India can voluntarily register for the Goods and Services Tax (GST) structure, even if they are not legally obligated to do so. When a business chooses optional GST registration, it is subject to all of the same regulations as a normal taxable person. This implies that the vol...
GST has brought a broad impact on each facet of business operations in the country, such as pricing of products and services, optimizing the supply chain, IT accounting, and tax compliance systems. It overall impacts the tax incidence, tax structure, tax payment, tax computation, compliance, cr...
Structure of GST The GST tax structure comprises three tiers that are Central Goods & Services Tax Act (CGST), the State Goods & Services Tax Act(SGST) and the Integrated Goods & Services Tax Act(IGST). The CGST and SGST which are applicable in the case of the Intra-state supply of Go...