- Goods and Services Tax is a single, multi-stage and consumer-based tax levied on the production, trade and use of goods and services. It removes all existing national and state tax structures such as VAT, Service Tax, Entertainment Tax, Excise Duty, to name a few. It eliminates the current flowing demand-on-tax effect. GST refers to those in manufacturing, trade, e-commerce or services. GST consultants are available on the market to serve you better.
Invoice management including bulk invoice upload, invoice validation and integration with ERP/ Accounting Services.
Automated reconciliation of inward / outward materials, including pre- and post-filing reconciliation.
Return filing, including planned Automatic Return Returns and GST Audit. It serves as the country's best GST return program.
Dashboard & reports, providing an interactive view of fillings, tax and payment analysis, analytics and trends.
Miscellaneous, email notifications with correct escalation, DSC & E-Sign planning User Management, including Multi GSTIN access control, GST program simplifies GST return filing. Know the benefits below: What are GST's advantages?
Market benefits Single and straightforward tax: only one tax from producer to customer.
All-tax relief: the entire tax burden on goods will immediately decrease, which benefits customers.
Benefits to Central and State Governments Easy to manage / direct: GST replaces some central and state indirect taxes. GST is easier to manage, unlike other indirect taxes.
Leakage controls: GST will boost tax enforcement due to strong IT infrastructure.
High revenue: GST will cut Govt. tax revenue collection costs, which will contribute to higher revenue efficiency.
Ease of doing business: A solid and robust IT program will be the cornerstone of the GST regime in India. All records, returns, payments, etc. will be available electronically to taxpayers, making business compliance simple.
Tax uniformity: Under GST, tax uniformity and procedures can go a long way. GST will make business in the country tax neutral, irrespective of business location choice Minimal tax cascading: under GST there would be smooth tax credits, fewer cascading & secret business costs.
Affordability: Falling business transaction prices will contribute to better profitability.
Our provides GST advisory services to taxpayer masses to comply with the latest Goods and Services Tax (GST) laws, making GST rollout simple and convenient for all stakeholders.
To learn more about our offerings and comprehensive information about GST, click here.
What is GSTIN (Goods and Services Tax Identification Number)?
Goods and Services Tax Identification Number (GSTIN) digits state-specific PAN-based number, which can be used to identify GST-registered companies. For more info, visit www.Our.com. The website clarifies all your GST&GSTIN questions.
Is GST application / registration PAN mandatory?
Yes, GST application / registration requires PAN.
A. Who's a powerful taxpayer?
An current or dominant taxpayer is an individual registered under any state or central rule. Including Value Added Tax (VAT) Act, Central Excise Act, Service Tax Act, etc. Existing or dominant taxpayers include taxpayers previously registered under:- Central Excise Tax Service Tax State Sales Tax or VAT Entry Tax Luxury Entertainment Tax What are all Center and State taxes specified in GST?
National level, the following taxes are listed: National Excise Duty, Service Tax, Customs Duty and so on While, at State level, the following taxes are listed: Sales Tax, Entertainment Tax, Local Sales Tax, Leisure Tax and so on What is the e-way Services bill?
At Our, along with registration, updating, generation, etc. tasks, we give a complete solution for the GST e-way bill.
Goods & Services Tax enforcement ranking is a numerical classification that includes the taxpayer's name and GSTIN (GSTIN) identification number. This is imposed on companies based on their level of compliance with GST laws.
How to Pay Products & Services?
You may enroll for GST through Goods & Services Tax's popular portal. Our can help with the correct enrollment process. For more info, visit www.Our.com.
Will you get multiple registrations?
Yeah, one has several registrations. representative will direct you. You must obtain separate registration for each vertical business in each state. For more info, visit www.Our.com's website What are Goods & Services Tax Benefits (in points)?
Tax will no longer exist Increased efficiency in logistics Quick compensation of input tax credit Returns & compliances will be simplified Subsumes variety of indirect taxes Higher threshold for registration Smaller business structure scheme Online simpler procedure Controlling the unorganized sector What all taxes GST replaced?
This has replaced all taxes already imposed and collected on industry by the Center (i.e., excise duty, sales tax, and CVD etc.) and the State (i.e. VAT, Luxury tax, Entertainment tax, etc.).
How does Our GST secure data?
Data security is Our's top priority. Here, we keep your data secure with us. Using industry safety steps, Our encrypts sensitive data and uses traditional, well-reviewed cryptographic protocols and message formats. Even when data is distributed over public networks, we make sure it flows in encrypted form. Additionally, we deploy regular security updates on our servers. So consumer can be confident.
How is Our GST Services India bigger?
Our GST Services India has the following features:- Confidentiality Platform Independence Workability Handy & Fast Database Management Constant Development What are the specific features of Our GST Services?
Our GST Services will be the most creative GST Services on the market today. This unique Services has ample features such as platform adaptability, database protection, data import and export from anywhere, to name a few.
How many forms are GST?
There are currently 3 forms of GST: Central Goods and Services Tax, which the Center collects.
SGST: National Goods and Services Tax collected by States.
IGST: Integrated Goods and Services Tax collected by Center.
Was the GST paid on manufactured products and services?
No, GST is not paid on exported products and services, as GST is a consumer-based tax. However, since the place of sale is outside India, there is no Goods and Services Tax (GST) on goods and services exported.
Would federal and state GST be levied on transactions within India?
Indeed, each supply transaction in India is subject to: CGST, SGST And CGST and IGST.
Can GST-subject stock transfers?
Yeah, two-state stock transfers within the same organization can cause GST.
How are returns or replacements managed?
GST has other rules for returns or replacement goods, returns may cause a tax credit, replacement goods will be subject to GST, and cash flow may be impacted by returns.
Is any promotional materials or free samples GST?
Yeah, the sale of stocks of promotional items or free samples will be subject to Goods and Services Tax and the supply of promotional items / free samples to retailers selling your products will also be subject to Goods and Services Tax.
Why can India handle GST?
Two GST components will be implemented in India — Central GST (CGST) and State GST (SGST). GST is the country-wide single indirect tax that will make India one unified economy, and it should be implemented with decent intentions. GST is mandatory for all registered taxable persons. When you're not yet enrolled, you can visit the official GST site-https://www.gst.gov.in/ and select Services > Registration > New Registration.
Where to pay IGST, CGST or SGST? Which is the exact method of applying GST tax rebate or money back?
These days, everything happens online. GST refund or interest on GST must be submitted online.
How long does GST reimbursement take?
Depends on whether any request for reimbursement of CGST, IGST or SGST is in order with the relevant documents, the sum of GST reimbursement is issued within 90 days, i.e. 90 days from the date of reimbursement.