Tag: GST

What are GST rate slabs?

GST means goods and services tax .there are 7 types of tax slab rate 0 % 0.25% 3% 5% 12% 18% 28% In India there are 7 tax slabs, so how will this tax slab rate be charged, how much will be charged, and which will not be taxed on which goods, it is important

What are CGST, SGST, and IGST?

The full name of GST is Goods and Service Tax, in this, GST has been dived into 3 parts. CGST-Central Goods & Service Tax SGST-State Goods & Service Tax IGST-Integrated Goods & Service Tax First of all, we know about SGST – the full form of SGST is State Goods and Service Tax.In this, we

What are the benefits of GST?

There are 8 benefits of GST 0% tax on the essential commodity:- Within this, we have to pay 0% tax, which means that whatever our regular products are like (Fresh Vegetables, Books, Honey, News Paper, and Wheat Toothpaste, Soap),there are a lot of groceries. We have to pay 0% tax paid, we can also call

Rate of tax under the composition scheme?

These are the most points of composition scheme because any company accepts this scheme. Because the rates of tax in this are levied at a special rate pay tax. Whatever rates are inside it are special rates. The rate of tax at the favorable rate is the percentage of turnover, which means that the person

Who is eligible for the composition scheme?

The first question that comes in this is that the angle for the composition scheme is individual, first of which we have to check 2 points to check its gender. Which is most important. Whoever can become a competition dealer has to follow certain rules and regulations only then they can come in or else

What is GST Composition Scheme?

This was the purpose of Lane in India to the GST scheme.Those small companies used to get a lot of problems in running their company.His most important problem was that to run his business, he had to take a lot of complexes, due to which he used to come to problems in running his business.So

what is GST (goods and service tax)

GST is a kind of indirect tax, its full form is Goods and Service Tax.To pass this bill, the Central Government and State Government Permission has to be taken from both, only then we can pass any billThis bill was passed in India on July 1, 2017, so that any goods or services will be

CONCEPT OF GST

The concept of GST is basically a value-added tax that is levied on the manufacture, sale, and consumption of goods and services. this GST offers something known as a comprehensive and continuous chain of tax credits from producers or service providers spined but to retailers or say consumer level and here the taxation is happening

GENESIS OF GST IN INDIA

THE genesis of ideas in India was the Gelcoat task force in 2004 who recommended the fully integrated GST idea in India on a national basis. Central budget (2007-2008):-those inseminates and the government and its central budget are wise just due to being implemented. In India with the effort from April 1, 2010. but those