Professional GST Services in Mumbai

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Professional GST Services in Mumbai

• www.visersolutions.com

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• If you're looking for GST Compliance services in
  Mumbai, it's time to sit back and relax. In this
  post, we will go over the fundamentals of GST and
  show you how we can assist you with GST through
  our services so that you can focus on your
  business without worrying about GST.

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What is GST?

• GST (Goods and Services Tax) is an Indian tax on
  the supply of goods and services. The concept of
  GST was introduced in 2017 and went into effect
  on July 1, 2018. It is an indirect tax that has
  largely replaced other taxes such as excise duty,
  service tax, and so on.
• GST was first implemented in India to replace the
  Central Excise Duty (CED) on goods and services.
  It has been renamed "the biggest" tax reform
  since Independence Day in 1947! Except for gold,
  real estate, and luxury cars, the current GST
  rate is 5 on almost all goods and services.

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What is GST Registration?

• GST registration is a certification from the
  Government of India that your business is
  eligible to collect GST. It is required for all
  GST-registered businesses and ensures that you
  are eligible to charge and collect tax on your
  sales.

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What are the different types of GST?
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Central Goods and Services Tax (CGST) (CGST)

• In India, the Central Goods and Services Tax
  (CGST) is a tax on the supply of goods or
  services. CGST will be levied on all inter-state
  supplies, regardless of where they are
  manufactured. When a service is provided in any
  part of India, a service tax is levied.
• The CGST percentage rate is high in comparison to
  normal custom duty rates, which vary by state.
  The CGST rate is 13.36 percent, but the actual
  amount charged may vary depending on the nature
  of the supply and other factors such as
  exemptions.

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State Sales and Use Tax (SGST)

• The State Goods and Services Tax (SGST) is a tax
  levied by a state's government on the sale or
  purchase of goods or services within that state.
  It is generally levied at a higher rate than the
  central Goods and Services Tax (GST).
• Each state has its own set of tax rates for
  various goods and services. For example, all
  goods sold in Mumbai, Maharashtra state, are
  subject to a 5 sales tax. In Gujarat, all items
  sold in the state are subject to a 12 sales tax.

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The Integrated Goods and Services Tax (IGST)
(IGST)

• The IGST is an interstate trade and commerce tax.
  The central government has proposed imposing IGST
  on all inter-state sales, supplies, and purchases
  of goods and services, which may include the
  transfer of property, provision of services, and
  other activities that result in the movement of
  goods between two or more states.
• The IGST will be levied at a rate of 5 on all
  interstate sales, supplies, or purchases of goods
  and services. The levy will be levied both at the
  time of GST registration and when goods are
  delivered to the recipient. Suppliers will also
  be required to pay input tax credit (ICT) if they
  pay taxes on inputs used in production activities
  out of their own pockets.

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Union Territory Goods and Services Tax (UTGST)

• The UTGST is levied on goods and services sold by
  a business in a Union Territory to another
  business or individual located outside of the
  Union Territory. Inter-state trade is taxed at
  0, while intra-state trade is taxed at 10.

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Why choose Viser for GST Registration Services in
Mumbai?

• The dedicated expert team is composed of
  qualified Chartered Accountants, Company
  Secretaries, Legal Consultants, IT Experts, and a
  highly-skilled Accountant team to meet all
  compliances with high accuracy.
• GST operations are being automated with
  user-friendly software to eliminate
  non-compliance and due date headaches.
• Proactive support and maintenance from a team of
  experts who are easily accessible.
• With the best security tools, you can provide
  data security and ensure the integrity of your
  data.
• Budgeted solutions result in significant cost
  savings. With this, we at Viser Solutions say,
  'Focus on what you do best, and be completely
  confident about the rest'.

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The End
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