GST Registration
GST Registration online application. Get GST Certificate in just 15 to 20 days. Expert advice about Applicability of GST, What are the benefits of GST Registration.
Tax Slab of GST Registration in India
Zero Percent(0 %)
The zero percent tax is implemented on the books and fresh vegetables. The products that we use in very less amount is classified into this category and also known as exempted use.
Five Percent (5 %)
The Five percent is tax is implemented on the small restaurants and tickets such as train tickets and bus tickets. The people use this category product wildly in a very rich amount.
12% - 18 %
These products that are used by the people normally have 12-18% of tax and the products such as mobile and electronic devices can come in this category.
Twenty-Eight Percent (28%)
The 28% percent of the tax is implemented on the luxury use of the people. The products that come in this category can be Jeans, Air coolers and Five Star Hotels.
Types of Tax in GST Registration in India
Direct Tax
The Direct Tax is the tax in which the people of India pays directly to the Government on purchasing any of the product. Income Tax comes in this category and it is directly paid by the person to the Government of India.
Indirect Tax
The tax which is paid through any third party to the Government of India is called Indirect Tax.
Cascading Effect
Before the Goods and Services Tax system, the cascading effect on the taxes was done. The cascading effect means the taxes were implemented on the same tax. The multiple taxes are applied to the same product in this cascading effect.
Online GST Registration Calculator
What are the Benefits of GST registration?
- The person can take the taxes legally and can pass Tax benefits to the supplier.
- As the Goods and Services Tax is authorized by the Indian Government, the business registered by GST becomes 100% legal.
- The person can claim Input Tax Credit which has paid by the person on purchasing the good and can have the refund.
- The GST number is also used to use mobile wallets and start the payment gateways.
- The business can be expanded through different channels such as online and import-export by taking the help of Goods and Services Tax.
- The GST certificate is also used to open a current account and business account to initiate a business.
Which businesses need GST Registration number
- If any business is providing their services outside India then the business must need the Goods and Service Tax number.
- If a business comes under the category of E-commerce such as Amazon, Flipkart or Snapdeal.
- If a business is expanded into different states then the business should need the GST number.
- If any business has a turnover of more than 20 Lakhs.