Thursday, September 30, 2021

Type of GST






Following are the type of GST

  • The Central Goods and Services Tax (CGST)
      • CGSTStand for  Central goods and service tax that replace existing tax like service tax, excise tax, etc

  • The State Goods and Services Tax (SGST)
                     SGST Stands for state goods and service tax, which replaces the existing tax like sales tax, entry tax, luxury tax, etc.

  • The Union Territory Goods and Services Tax (UTGST)
  •                   UTGST Stands for both good and service tax that replaces service tax, excise tax, sales tax, entry tax, luxury tax.

  • The Integrated Goods and Services Tax (IGST) 
  •                      Under GST, IGST is a tax levied on all Inter-State supplies of goods and/or services and will be governed by the IGST Act. IGST will be applicable on any supply of goods and/or services in both cases of import into India and export from India


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GST Registration and Type

 



What is GST Registration?

GST Registration is a process by which a taxpayer gets himself registered under GST. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN).




Document Required for GST?

  •  Mobile Number
  • Emal ID
  • PAN Card
  • ADHAAR Card 
  • Rental Agreement
  • Proof of business registration
  •  Identity photographs and address proof of persons in charge

How do I register for GST?

Visit the gst.gov.in website and make an application for GST Registration. On submission of all the details and documents, an acknowledgment number is allowed

Following are types of GST

  • The Central Goods and Services Tax (CGST)
  • The State Goods and Services Tax (SGST)
  • The Union Territory Goods and Services Tax (UTGST)
  • The Integrated Goods and Services Tax (IGST)


GST Refunds In case you have previously filed for GST refund, you can check the status of your refund application using the ARN (Application...