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New GST Rates amid 12th July 50th GST council Meeting

GGST rates Increased or Decreased The 50th GST council meeting that took place on 12th July Tuesday has the below outcomes: ITEMS/PARTICULARS/PRODUCTS/SERVICES CURRENT GST RATES ( OLD RATES) MODIFIED   GST RATES ( NEW RATES) Quarziba Medicine 12% NIL ( Not Taxable) FSMP (Medicines & Food for special Medical Purposes. 12% NIL ( Not Taxable) Imitation (Copying/duplicity) of Zari Thread 12% 5% LD slag 18% 5% Uncooked/Unfried snack pellets 18% 5% Fish Soluble paste 18% 5% Private Satellite Launch Service 18% NIL ( Not Taxable) Food and beverages when sold with Cinema Ticket. 18% 5% Gaming /Horse Racing / Casino 18% 28% Cess on Utility Vehicles (If certain Paramete
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GST Registration: The Essential Documents Required for Normal Taxpayers

Are you a normal taxpayer wondering what documents are required for GST registration? Look no further! In this blog post, we'll break down the essential documents you need to have in order to register for GST. From PAN cards to bank statements, we've got you covered with all the information you need to successfully navigate the registration process. So sit back, relax, and let's get started on your journey of becoming a registered GST taxpayer! Introduction to GST Registration The process of GST registration is quite simple and straightforward. All you need to do is have all the required documents in place before starting the application process. Here is a list of essential documents that are required for Normal Taxpayers: 1) PAN Card : A Permanent Account Number or PAN card is necessary for any kind of tax-related activity in India. This includes registering for GST. 2) Aadhar Card : An Aadhar card is not mandatory for GST registration but it is advisable to have one hand

Types of GST REGISTRATION

There are 7 types of Registration Under GST or we can say that A Tax payer can get registered by 7 ways under GST Portal or GST Regime. Normal Taxpayer Visit -  https://www.gst-return-filling.com/2023/03/gst-registration-essential-documents.html Tax Deductor at Source (TDS) Tax Collector at source (TCS) Non resident Taxable person Non resident Online Service Provider GST Practitioner UN Bodies, Embassies or Other Notified Person

What are the 3 types of GST?

 Goods & Service Tax (GST) is an Indirect Tax. There are 4 Types of GST UTGST (Union Territory Goods & Service Tax) CGST    (Central Goods & Service Tax) SGST    (State Goods & Service Tax) IGST     (Integrated Goods & Service Tax) But majorly only Three types of GST is mostly used by all Tax payers and they are CGST   (Central Goods & Service Tax) SGST    (State Goods & Service Tax) IGST    (Integrated Goods & Service Tax) CGST & SGST is equally distributed between both state and central and IGST is levied on Interstate Transaction (Outside the state purchase/sale) and IGST is collected by Central Government. For more information Visit -  http://www.gst-return-filling.com/2022/12/what-is-gst-explain.html

WHO HAS TO PAY GST

 Many common and Normal public not knowing that what the GST is and they wants to know that How this GST will affect them. And Public wants to know that who should understand this GST and Which class of people will get affected by this applicability of GST. The answer is ALL. Every single citizen has to understand what the GST is and every single citizen is going to be affected by this GST because directly or indirectly every single citizen of India is paying GST. Either you are buying some product or you are taking a Service all comes GST included in it. The major part of population getting affected by GST is End user Customers or consumers who is actually going to consume that good or a service.  Why is it so? Is it so because any one doing any business has some limitations above which only they have to pay taxes, like if business turnover crosses the limit of 5 crore then only they have to Pay GST to govt and file returns. details for eligibility of return and tax can be read at the

Who is GST father of INDIA (History of GST)

 Concept of GST was first introduced by Atal Bihari Vajpayee (leader of BJP) in 1999 in INDIA. Then the GST again came into light in the period of 2006-2007 in a Union budget speech on 28th February 2006. Finance Minister in his Budget speech said that GST should ne Introduced from 1st April,2010 But Finally GST got implemented on 1st July, 2017 by 122nd amendment bill. For more details Visit the official website https://gstcouncil.gov.in/about-us