GST

GST stands for Goods and Services Tax, which is a value-added tax (VAT) levied on the supply of goods and services in India. It is a comprehensive, indirect tax that replaces multiple indirect taxes, including central excise, service tax, and state-level value-added taxes. The GST is a destination-based tax, which means that tax is collected by the state where the goods or services are consumed. GST is divided into three types: CGST (Central GST), SGST (State GST), and IGST (Integrated GST).The objective of GST is to simplify the indirect tax system in India, eliminate the cascading effect of taxes, and create a single, unified market for goods and services. The GST regime in India was introduced on July 1, 2017 and has since become a key source of revenue for the government.

CGST is collected by the central government and SGST by the state government on the intra-state supply of goods and services. IGST is collected by the central government on inter-state supply of goods and services. The GST rate varies depending on the type of goods or services and can range 0% to 28%.

The objective of GST is to simplify the indirect tax system in India, eliminate the cascading effect of taxes, and create a single, unified market for goods and services. The GST regime in India was introduced on July 1, 2017 and has since become a key source of revenue for the government.

Our services include:

• Registration
• Payment
• Filing of returns
• Reconciliation of books with GST transactions
• Audit
• Handling of assessment proceedings along with replies to notices