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GST Overview

Goods and Services Tax (GST) is an indirect tax implemented in India on the supply of goods and services. It consolidates past indirect taxes like VAT, Sales Tax, Service Tax etc. This is a comprehensive multistage, destination-based tax. Comprehensive because it has subsumed almost all the indirect taxes except few. Multi-Staged as it is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer. And destination-based tax, as it is collected from point of consumption and not point of origin like previous taxes.

Goods and services are divided into five different tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax regime. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.

GST came into effect from July 1, 2017.

GST Cycle starts from Registration to filing of monthly as well as annual returns.

We help in all stages of GST at most economical rates.

Our GST Registration fees is:

Individual / sole proprietorship : Rs. 499 plus GST

Partnership and Company : Rs. 999 plus GST