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Professional GST Services in Mumbai

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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Professional GST Services in Mumbai

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  1. Professional GST Services in Mumbai www.visersolutions.com

  2. 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.

  3. 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.

  4. 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.

  5. What are the different types of GST?

  6. 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.

  7. 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.

  8. 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.

  9. 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%.

  10. 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'.

  11. The End www.visersolutions.com

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