State Code List Used in GST Registration Number
State Code List Used in GST Registration Number The first two digits of the GST Registration number, are known as GST State Code. In other… Read More »State Code List Used in GST Registration Number
GST
Goods and Services tax is an Indirect tax applicable to all businesses which earn their incomes from the sale of goods and products. The tax is imposed by the Central Government (CGST) and the State Governments in India (SGST). Although the tax is to be paid by businesses, its burden falls on the end consumers of the products and services. The tax rates of GST are decided by the GST Council with the goal of achieving “One nation One tax“ in India. Besides payment of GST, filing GST returns and obtaining GST registration are also mandatory compliances under the GST Act, 2016.
GST Registration Number Verification at GST Portal
Well the GST Registration number is a PAN-based registration that may be obtained by making an online application on the GST Portal, www.gst.gov.in. In this… Read More »GST Registration Number Verification at GST Portal
Difference Between GST and Income Tax
Direct and indirect taxes are the two categories into which taxes fall. While indirect taxes are levied indirectly on consumers of goods and services, direct… Read More »Difference Between GST and Income Tax
Tax rates under GST composition scheme
The GST composition scheme has been considered as one of the best and simplistic GST mechanisms for small businesses. It is different from the normal… Read More »Tax rates under GST composition scheme
Eligibility to opt for GST Composition Scheme
The composition scheme under GST was introduced with an objective to provide a relief on the tax burden for small taxpayers. Under the composition scheme,… Read More »Eligibility to opt for GST Composition Scheme
