GST Essentials

What is Goods and Services Tax (GST)?

When did GST start?

How does Goods and Services Tax work?

Types of Goods and Services Tax in India

Who Needs to Register For GST?

Frequency of Filing GST for Various Entities

Importance of Filing GST

Consequences of Non-Filing GST

Benefits of Goods and Services Tax

Conclusion

Coming Up Next

Stage 1: Manufacturing

Stage 2: Wholesale

Stage 3: Retailer

State Goods and Services Tax (SGST)

Central Goods and Services Tax (CGST)

Integrated Goods and Services Tax (IGST)

Businesses Supplying Goods

Businesses Supplying Services

Existing Registrants Under Previous Laws

Non Residential Taxiable Person and Casual Taxable Person

Agents or Representatives

Input Service Distributors (ISD)

Tax Deductors and Collectors (TDS/TCS)

E-Commerce Participants

Interstate Suppliers

For Business with Turnover up to 5 Crores

For Business with Turnover above 5 Crores

Annual Returns for all Registered Businesses

Elimination of Cascading taxes

Simplification of tax structure

Ease of doing business

Increased Compliance

Boost to the economy

Taxes for Startups India