What is GST?

GST is a break-through in the taxation system as India progresses towards a highly structured system. Instead of falling prey to the multiple taxation systems, GST has brought in a new era which ensures that taxation system becomes logical, easy to understand and well structured.

Goods and Services Tax is all set to bring about the most desired positive change into the Indian scenario since independence. Previously, the Central Government used to levy excise duty on manufacturing and service tax on the services supplied. State governments as well could levy a sales tax or VAT (Value Added Tax) on various goods sold. These created a complicated taxation structure which has been done away with the introduction of GST. GST registrations in India are mandatory for all trading that fall under certain conditions and criteria. Get in touch for GST Advocate in India along with GST registrations in India, GST registrations in Delhi, GST consultants in India, GST consultants in Delhi

Being a new introduction placed against the aforesaid age old multiple taxation systems; GST often is a matter of concern and creates doubts in minds of many people. Therefore, GST Consultants in Delhi are available to clarify and explain all doubts regarding GST.

Multiple Taxation v/s GST- explained

MultipleTaxation

• Previously, there used to be no uniformity of tax rates across the country and states.
• Cascading of taxes happened due to mounting up of taxes at each level
• There used to be no credit of excise duty and service tax paid during manufacturing or supply stage available to the traders when VAT used to be paid and also the other way round.
• State Taxes paid in one state wouldn’t have been credited.
• All these had amounted to blown up taxes

GST

• Central idea is to avoid multiple imposing of taxes and make a uniform standardized taxation system. The Central and State government will levy GST simultaneously on every supply of goods and services at the same base.
• CGST - Center would levy as well as collect the Central Goods and Services tax on intrastate supply.
• SGST - States would levy and collect the State Goods and Services Tax for transactions made within the state.
• IGST – Integrated Goods and Services Tax would be levied and collected by the center for all Inter State supply or goods and services having been distributed with the state concerned.

Hire us for Online GST Registration in Delhi - A variety of questions related to GST arise in everybody’s minds and it’s completely natural. GST consultants in Dwarka and GST Advocate in Delhi India are here to answer all your questions and make it a cake walk for you.