GST Certification

GST Registration

GST Filing

GST stands for goods and services tax which incorporates all taxes into GST. It is also concluded as all in one tax. Jcs Acquistive Infotech provides GST Registration in Mira-bhayandar in order to provide a solution related to your business problem.

GST registration is primarily suggested if your annual sales is 20 lakhs or more than 20 lakhs. Tax rates depends on the nature of services and goods you are selling. The tax rates for GST registration may vary from 0% to 28%.

For instance, the total gross GST revenue collected in the month of January, 2019 is Rs 1,02,503 crore. Now, this is the third time that GST Revenue collection has crossed one lakh crore mark in financial year 2018-2019. In addition to this, the total number of GSTR 3B Returns filed for the month of December up to 31st January, 2019 is 73.3lakh.

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Advantages in GST

GST is a comprehensive indirect tax that was designed to bring the indirect taxation under one umbrella. More importantly, it is going to eliminate the cascading effect of tax that was evident earlier. Cascading tax effect can be best described as ‘Tax on Tax’. Let us take this example to understand what is Tax on Tax:

Earlier, in the VAT structure, any business with a turnover of more than Rs 5 lakh (in most states) was liable to pay VAT. Please note that this limit differed state-wise. Also, service tax was exempted for service providers with a turnover of less than Rs 10 lakh. Under GST regime, however, this threshold has been increased to Rs 20 lakh, which exempts many small traders and service providers.

GST Certification

GST Registration

GST Filing

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Advantages in GST

Company

Registration

Startup

Contacts

GST Certification

GST Registration

GST Filing

Register Ok!

Advantages in GST

GST effect of tax

Higher threshold for registration

Company

Registration

Startup

Contacts