Goods And Service Complete Explanation With Example And Registration Process: Everyone has a question in mind what is GST and how to register for it.

keep reading this article I will explain all about GST. comment below for any doubt or question

Goods And Service Complete Explanation With Example And Registration Process

GST is a consumption based indirect tax apply on sale, manufacture, and consumption of goods & services across India.GST remove all other tax of the central government of India and states. With the increase of international trade in services, GST has become a global standard. furthermore, understand its partition This comprises of:

  • Central GST (CGST) which is for center Gov.
  • State GST (SGST) which is for state Gov.
  • Integrated GST (IGST) – which is for Central Government on inter-State supply of goods and services.

Goods And Service Complete Explanation With Example And Registration Process

while GST  subsum many other tax which are as under

Central Indirect Taxes & Levies Central Excise Duty
Additional Excise Duties
Excise Duty levied under the Medicinal Preparations (Excise Duties) Act, 1955
Service Tax
Additional Customs Duty (CVD)
Special Additional Duty of Customs
Central Surcharge and Cess
State Indirect Taxes & Levies VAT / Sales Tax
Entertainment tax (other than the tax levied by local bodies)
Central Sales Tax
Octroi and Entry Tax
Purchase Tax
Luxury Tax
Taxes on Lottery
Betting and Gambling
State Cesses and Surcharges
  • For Intra State Transactions: In a case of Intra-State transactions, Seller collects both CGST & SGST from the buyer and CGST needs to be deposited with Central Govt. and SGST with State Govt, as a result, it counts credit to the seller so it is a corss-utility facility for a seller.
Goods And Service Complete Explanation With Example And Registration Process
Goods And Service Complete Explanation With Example And Registration Process

ENROLLMENT & REGISTRATION:

  •  first of all, if you already have ID skeep this part this is just for new tax payer
  • open your browser and open this link of Government website https://www.gst.gov.in/
  • here click on the new registration like shown in below image.

    Goods And Service Complete Explanation With Example And Registration Process
    Goods And Service Complete Explanation With Example And Registration Process
  • rather if you don’t find this you can go to service menu above and find registration menu
  • once it open select taxpayer like below image and fill your details and it gives your unique ID

    Goods And Service Complete Explanation With Example And Registration Process
    Goods And Service Complete Explanation With Example And Registration Process
  • finally just save it at safe place and go to login for your conformation of registration process

 

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