GST is a comprehensive indirect tax from the manufacturer to the consumer applicable throughout India which replaced several cascading taxes levied by the central & state governments.
Discover what GST and BAS mean for your business. Get step-by-step guidance on registration, calculation, filing, and more in our comprehensive guide.
What is CGST? CGST rate or Central GST rate is levied on the intrastate supply of goods and services. The proceeds of which will be attributable to the Centre, as per theCGST Act. What is SGST? SGSTrate or State GST rate is levied on the intrastate supply of goods and services. The ...
What is GST? Goods and services tax is a form of value-added tax levied on most products sold to the general public. This particular tax is usually paid by consumers; it is then passed on to the government by the business offering the goods and services. In a nutshell, the goods and ...
GST replaces which taxes? Before the introduction ofGST, there were multiple taxes, such as the service tax, central excise, and state value-added tax (VAT). However, GST is just one tax with three categories—IGST, SGST, and CGST—that depend on whether the performed transaction is intras...
P.S GSTIN is often confused with GSTN. GSTIN is the unique registration code given to a dealer/supplier by the GSTN (GST Network) which is the official GST portal. GSTIN Format Every taxpayer under GST is provided with a State + PAN-based 15-digit Goods and Services Taxpayer Identifica...
To know what the GST codes, HSN code and SAC codes, let us first learn what is GST. GST is a newly passed bill which calls for a common tax over the nation and just one single type of tax filtering ll the extra and indirect taxes. It will replace VAT, service tax and excise i...
GSTN: Goods and Service Tax Network Introduction: The GSTN (Goods and Service Tax Network) is a non-profit, non-government organization. It will manage the GST portal's entire IT system, which is the mother database for everything GST. The Government of India will use this portal to tra...
An official document that provides exhaustive data of all your purchases, sales, tax paid on your purchases, along with the tax collected on your sales is called a GST Return.
GST (Good and Service Tax) is a value-added tax applied to the cost of certain goods and services. Learn more about what GST is in this guide by QuickBooks.