GST India
What is meant by GST bill?
The GST bill is an indirect tax that removes more than ten indirect tax barriers between states of India to makes india one common market. Goods and Services Tax (GST) is the tax levied by Central and State level government to include the essential taxes like Excise Duty, Value Added Tax (VAT), Service Tax, Duty, Customs, and Entry Tax.
Question Yourself, "I am Liable under GST or not"?
If you are a goods or services provider or supplier and if that goods or services are more of 20 Lakh than you are liable to cover under GST (Goods and Service Tax).
What is the Meaning of Goods and Service Tax?
Goods and Services Tax (GST) is a tax system that is implemented to remove the conspirency of tax differences at different levels of market. It is playing biggest role in making the whole country a single market. Goods and Service Tax includes very general taxes like Excise Duty, VAT, Service Tax, Customes, Duty, and Entry Tax.
When i can Enroll Myself for GST?
Enrollment process for GST is already started, Registration Dates for GST in different states are:
States |
Start Date |
End Date |
Pondicherry, Sikkim |
08/11/2016 |
23/11/2016 |
Gujrat, Maharashtra, Goa, Daman and Diu, Dadra Nagar Haveli, Chhattisgarh |
14/11/2016 |
29/11/2016 |
Odisha, Jharkhand, Bihar, West Bengal, Madhya Pradesh, Assam, Tripura, Meghalaya, Nagaland, Arunachal Pradesh, Manipur, Mizoram |
30/11/2016 |
15/12/2016 |
Uttar Pradesh, Jammu and Kashmir, Delhi, Chandigarh, Haryana, Punjab, Uttarakhand, Himachal Pradesh, Rajasthan |
16/12/2016 |
31/12/2016 |
Kerala, Tamil Nadu, Karnataka, Telangana, Andhra Pradesh |
01/01/2017 |
15/01/2017 |
Service Tax Registrants |
01/01/2017 |
31/01/2017 |
Delta All Registrants (All Groups) |
01/02/2017 |
20/03/2017 |
What are the Required Documents for GST Registration in India?
For GST Registration you must have these following documents:
- Proof of constitution of Business (Partnership Deed, MOA, AOA, Certificate of Incorporation).
- PAN Card of Company.
- Address Proof of Business (Rent Agreement or Electricity Bill).
- Promoters/Partners Photograph.
- Cancelled Cheque, Passbook or Statement Copy of your Bank Account as the proof of Name of Account Holder, IFSC Code, MICR Code, Address of Branch, Few Transaction Details.
What are the Taxes that are Subsuimed under GST?
Some taxes are subsuimed under GST and some Taxes are not Subsuimed under GST by Government of India, Here is the list of Subsuimed or Non-Subsuimed Taxes under GST:
Taxes Subsumed under GST |
Taxes not Subsumed under GST |
Central Excise |
Basic Customs Duty |
Service Tax |
Alcohol for Human Consumption |
VAT / Sales Tax |
Petrol / Diesel / Aviation fuel / Natural Gas |
Entertainment Tax |
Stamp duty and Property tax |
Luxury Tax |
Toll tax |
Taxes on Lottery |
|
Octroi and Entry Tax |
Electricity Duty |
Purchase Tax |
|
What are the Conditions in which GST Registration is mandatory?
- When a business makes inter-state supplies.
- If tax is payble under reverse charges.
- Non-Resident taxable persons.
- Section-37 tax payers.
- Persons or Agents who are supplying Goods or Services on behalf of registered taxable persons.
- Electronic Commerce Operator Goods and Services Supplier.
- Persons who supplies services or goods under Brand or Trade Name.