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Ebizsolution (Charted Accountant)     04 December 2019

What is gst

We are happy to share a useful tool for your reference

What is GST? The benefits of getting registered with GST and how it can help in business growth?

Read more and ask for any query @ https://ebizsolution.co.in/

 



Learning

 2 Replies

Sankaranarayanan (Advocate)     04 December 2019

What business you are doing?. Any business either by way of trading or service then you need to opt GST licencse.

Ananya Nair (Legal)     16 December 2019

GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services. Under the present GST regime, individuals or businesses whose turnover exceeds Rs.40 lakhs (Rs. 10 lakh for NE and hill states) it is mandatory to apply for GST Registration.

GST Registration Advantages

  1. GST is a transparent tax and also reduces the number of indirect taxes in India.
  2. Increase in the business and transportation of goods and services.
  3. GST will likewise manufacture a straightforward and defilement free duty organization.
  4. GST will be collected just at the last stage of consumption dependent on VAT and not at various points.
  5. GST is backed by the GSTN, which is a fully integrated tax platform to deal with all aspects of GST.
  6. Several tax benefits.
  7. There will be equity in the tax rate.

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