A Quick Guide to GST - Lucknow

Saturday, 7 October 2023
No photo

Item details

City: Lucknow, Uttar Pradesh
Offer type: Offer
Price: Rs 999

Contacts

Contact name eazybills
Phone 07068073935

Item description

GST full form is The Goods and Services Tax. It is an indirect consumption-based tax system, replacing or subsuming about 17 Central and State direct and indirect taxes from July 1, 2017.

In India, there are four types of GST, namely:

Integrated Goods and Services Tax- The Centre levies it on inter-state businesses and imports.
State Goods and Services Tax- The State imposes it for intra-state companies.
Central Goods and Services Tax- The Central government charges it for intra-state companies.
Union Territory Goods and Services Tax- States ( Union Territory) charges it on inter-state trade.

Under Goods and Services Tax, businesses with a turnover exceeding the threshold limit of Rs.40 lakh, Rs.20 lakh, or Rs.10 lakh must register for GST. You can use the GST Portal for registration and make online GST payments.

There are four GST slabs in GST Tax: 5%, 12%, 18%, and 28%.
GST Portal is the PAN India government website mainly used for GST Compliance. GST Portal offers many services like:
· GST registration
· Online GST payment
· GST Application status tracking
· Filing GST return
· E-Bill portal access
· Filing for a refund for excess GST payment

GST registration is a long and time-consuming process. You will need guidance; Eazybills is the best billing software in India with the following facilities:
· GST Invoicing and Billing
· Analyse your business report and
· Managing inventory
You can read our website blogs and articles for detailed information on GST.