GST

There are mainly four types of Goods and Services Tax in India

• CGST (Central GST): Levied by the Central Government on intra-state supplies.
• SGST (State GST): Levied by the State Government on intra-state supplies.
• IGST (Integrated GST): Levied by the Central Government on inter-state supplies.
• UTGST (Union Territory GST): Levied by Union Territory governments on intra-UT Transactions.

Go to GST Portal > Click on Services Tab > Click on New Registration > fill details and complete all details > you will get ARN for tracking.

You can calculate the GST easily with this formula:
GST Amount = Base Price x GST Rate/100

Follow these steps to check or verify the GST Number:

• Go to the GST Portal
• Click on Search Taxpayer,
• Enter GSTIN
• Click on Search to get details for verification

Follow this step-by-step guide to download the GST Certificate:

Visit the GST Portal, go to services, user services, view and download certificate, and save the certificate as a PDF. 

You can file the GST Return:

Visit GST Portal > Login > Select Return Type > Fill Details > Verify ITC > Pay Tax > Submit and File > Download Acknowledgement.

If you want to get a GST number, visit the GST Portal and apply for new registration, click on Services > Registration > New Registration > Select Taxpayer > Fill Part A and B > Upload Documents > Submit application > get ARN to track application > get GST after verification

You can register for GST easily on the GST Portal.

Go to the GST Portal > Click on the services tab > click on new registration > fill the form > upload documents > submit application.

An E-Way Bill is a mandatory electronic document required for transferring goods with a consignment value of more than 50,000.

It is a unique 15-digit alphanumeric code assigned to each business registered under India’s GST system.

GST (Goods and Services Tax) is a unified indirect tax in India. It has replaced multiple central and state taxes with a single tax on the supply of goods and services. Its aim to create a seamless national market with uniform tax rates and procedures.

Indirect tax is a tax that you pay indirectly when you buy goods or services. The seller collects it from you and gives it to the government.

Example: GST is an indirect tax. When a consumer buys food or clothes, the bills include GST that you pay.

Input Tax Credit refers to the Credit of GST paid on purchases (inputs, input services, or capital goods) that a registered taxpayer can claim and use to reduce their GST liability on sales.

Input Tax Credit refers to the Credit of GST paid on purchases (inputs, input services, or capital goods) that a registered taxpayer can claim and use to reduce their GST liability on sales.

The Reverse Charge Mechanism in GST means that the buyer is responsible for paying GST to the government instead of the seller. Usually, the seller collects and pays GST, but under the RCM, this responsibility shifts to the buyer.

Goods and Services Tax (GST) was introduced in India on July 1, 2017. It was implemented as a unified indirect tax system, replacing various central and state taxes like VAT, service tax, and excise duty.