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GST Registration

In 2017 dual GST structure was established in India. It is one of the biggest tax reforms in the history of our country. The purpose of this reform was to eliminate double taxation and to bring uniformity in tax rates thru out the nation.


Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.



Features of GST

Subsume following indirect taxes

GST will have two components comprising

GST

An additional Tax of 1%

All goods or services likely to be covered under GST except:

Codification is to be specified

Removes cascading effect of taxation



Consultation