Best app to guide GST – Help Guide India – GST Bill Rates Percentage+
The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of companies. The government has kept a large number of items under 18% tax slab. The government categorized 1211 items under various tax slabs. he GST portal is hosted at and so far only registrations are enabled on it. Existing taxpayers or new businesses can apply to register and submit the required documents. All the existing registered taxpayers will be granted provisional registration initially and would be required to submit additional documents within 6 months.Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments.
This app provides guide for all businesses, organisations that charge GST and need information about how to do this. Also, we have provided Complete GST Guide for India to understand the impacts, register or migrate from existing taxes and understand compliance’s under GST for Businesses. This app contains details like, Who should register for GST number? and What are the types of GST which will be imposed? Some categories like How does GST affect different businesses? What are the documents needed for GST Registration?,How to apply for GST Registration?,GST Tax Rates For Various Products,Offences & Penalties, Rules & Regulations.
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.
Respect to those living below the poverty line, there might not be a direct impact of the GST on them as such since basic necessities like food are unlikely to attract the GST but increased collections of the GST with a larger tax base should provide an impetus to the government to allocate more money for social and poverty alleviation program’s. Thus, the GST should benefit all sections of the society.
Download our app – All you need to know about GST in India.