GST Updates
now its all Go-ahead from Lok Sabha for GST

now its all Go-ahead from Lok Sabha for GST

India draws an inch nearer to the fantasy of a brought together expense change, as the Lok Sabha on Wednesday passed the much-anticipated GST charge following a throughout the day discuss in the Parliament. The four GST bills incorporate CGST (Central Goods and Services Tax), Union Territory GST Bill, Compensation GST Bill and Integrated GST charge. The GST charges traverse crosswise over PAN-India with the exception of Jammu and Kashmir starting at now...

 

GST Updates
GST:- for the Common Man?

GST:- for the Common Man?

With the Rajya Sabha passing all the four GST bills in the parliament seven days back, the country's greatest and progressive duty administration GST (Goods and Services Tax) is good to go to end up noticeably a reality soon. Bragged as the most subversive assessment change in the nation after freedom, GST is required to check value-based expenses by presenting a brought together duty framework mixing financial development over the long haul...

GST Updates
GST Network Safe from Ransomware Threat

GST Network Safe from Ransomware Threat

In the midst of the continuous ransomware hoopla that has caused more than 150 countries everywhere throughout the world including Russia and UK, the GSTN or the Goods and Services Tax Network that offers IT infra for GST assess administration is protected, said Prakash Kumar, CEO for GSTN. This is on account of the Goods and Services Tax Network does not keep running on the helpless working framework.

 

GST Updates
A Quick Guide To India GST Rates In 2017

A Quick Guide To India GST Rates In 2017

The Goods and Services Tax (GST) has been one of the most important things that have caught the attention of the media and the market because of its implications on the earnings of companies. A large number of items have been kept under 18% GST rates slab by the government. Around 1211 items were categorized under various slabs based on their GST rates. Given below is low-down on the tax slab that these items would attract, along with their GST rates:

The complete updated list:

Gold and rough diamond will be taxed at 3% and 0.25% respectively. They do not fall under the current rate slab ambit.

GST Updates
What Is The GST Registration Process In India?

What Is The GST Registration Process In India?

The GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India.

The GST registration process looks like this at the moment:

  1. The person who is registering first has to submit his email address, his PAN card details and, mobile phone number in Part A of the Form which is labeled GST REG–01 on the GSTN portal or through a Facilitation center (to be notified by the commissioner or the board).
  1. The GST portal verifies the submitted details like the PAN, mobile phone number and the E-mail address, the latter of which are verified using the One Time Passwords (OTPs). After completion of the verification process, an application reference number is sent to the registered phone number and E-mail address. You are expected to acknowledge the same through the GST REG-02 form on the portal.