Listing ID #5356385
Company Information
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Contact SupplierBenefits of GST registration
Making it very easy to do business in India
Make interstate sales without restrictions
Reduce logistic cost and time taken across states
Limited compliance
Higher exemptions for new businesses under composition scheme
Less tax liability
Financial Inclusion in the long run
Boost country economy thereby increasing opportunities for startups
Multiple GST Registration
Business entity with branches in more than one states must obtain GST for each state
Business entity with different verticals engaged in different business activities must obtain GST for each vertical.
GST Registration Overview
GST stands for goods and service tax, introduced in India on 1st July 2017.
GST replaced around 15 other cascading taxes levied by the Central and State governments.
Under GST, goods and services are taxed at different rates as per the categories defined by Indian Government. Various tax slabs are 0%, 5%, 12% ,18% and 28%.
There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.
In addition to this, a CESS of 22% on top of 28% GST applies on luxury items like aerated drinks, luxury cars.
GST replaced other indirect taxes and is thus set to dramatically reshape the country's 2.274 trillion-dollar economy.
GST registration is compulsory for all businesses involved in the buying/selling of products or providing services or both within India.