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GST - Goods Service Tax is an act which was passed by Indian parliament under the governance of Mr. Narendra Modi in the year 2017-March-29 and later it came into effect from July-2017. The motto of the act is “One Nation One Tax” which is levied on all services provided by service providers. Under GST, all the vital indirect taxes were compounded into one. It has greatly lessened the abidance burden on taxpayers and relieved tax administration for the government. One of the main objectives of GST was to remove the surge effect of taxes.

At the same time there are 4 types of GST slabs, which are:

GST Slab of 5%

Under this slab, the goods of fundamental benefits are covered such as sugar, oil, spices, coffee, coal, fertilizers, tea, ayurvedic medicines, incense sticks, sliced dry mango, cashew nuts, sweets, handmade carpets, lifeboats, fish fillet, unbranded namkeen and life-saving medicament are engulf.

The assistance is less than this slab. It comprises railways, airways, takeaway food, AC and Non-AC restaurants, hotel rooms with a tariff less than ₹ 7,500 and special flights for pilgrims.

GST Slab of 12%

Under this slab, outcomes like cell phones, sewing machines, umbrellas, jewellery boxes, along with processed foods like frozen meat, fruit juices, butter, cheese, ghee are surrounded.

The assistance under this slab include business class flight tickets and movie tickets below ₹100.

GST Slab of 18%

Under this slab products such as hair oil, safety glass, pasta, pastries, ice-cream, mineral water, hair shampoo, oil powder, water heaters, washing machine, detergent, scent sprays, leather clothing, cookers, oil powder, cutlery, binoculars, artificial flowers, wristwatches, suitcase, briefcase, shaving, after-shave, furniture, stationery items, mattress monitors, television screen, lithium-ion batteries, video games are surrounded.

The services under this slab contain restaurants within hotels whose tariffs are above ₹ 7,500, actual hotel bill below ₹ 7,500, movie tickets above ₹ 100.

GST Slab of 28%

Under this slab, over 200 products like cars, cigarettes, long lasting consumer products, high-end motorcycles, pan masala, weighing machine, cement are covered. The services under this slab contain racing, betting in casinos, the actual bill of hotel stay above ₹ 7,500.

A special rate of 0.25% is levied on semi-polished and cut stones.

For example: ABC company is selling a product and the complete product cost is coming at 10,000/- and the slab is at 18%. In this case the billing will be 11,800/- extra 1800/- will be the GST as per the slab.

GST Registration is a procedure by which a taxpayer gets himself enrolled under GST. Once a business is thriving, a unique registration number is allocated to them known as the Goods and Services Tax Identification Number (GSTIN).

So, the people who should register for GSTIN are as follows -

● Individuals inscribe under the Pre-GST law (i.e., Excise, VAT, Service Tax etc.)

● Businesses with income above the threshold limit of Rs. ...

● Casual taxable person / Non-Resident taxable person.

● Agents of a supplier & Input service provider.

But again, in the market there are ample of people who are registering or acting as agents who will be helping for GST registration. But here, we are the authentic qualified people having huge experience in the field and can get it done hassle free in less documentation and in very less time.