Hello viewers!!!
Today’s Blog is on GST- Goods and Service Tax
👉 Meaning of GST-
GST- is an indirect tax which is levied on supply of goods and services.
It is termed as ‘ One nation one Tax’ as it replaced the old system of multiple taxes levied by central and state.
👉 Types of GST-
Do you know there are 4 types of GST in India
1) CGST- Central share tax -Intra state GST
2) SGST- State share tax -Inter state GST
3) IGST- Both central and state share tax Integrated GST
4)UGST/UTGST -Union territory share tax -GST
👉 Types of GST Return-
There are basically two types Monthly/quarterly GST Return –
1) GSTR-1- Reflects invoice wise details of outward supplies.
2)GSTR-3B- Reflects summary of both Inward and outward supplies.
👉 Compliance under GST
‘Every registered person need to comply with filing of GST Returns against their inward and outward supplies of the business.’
👉When do a business need to get a GST Registration?
👉What are the due dates of filing GST Returns for quarterly/monthly GST returns?
👉What are the different schemes under GST and which one is suitable for your business?
👉What are the Exemptions provided under GST ?
To know solutions to all your problems and queries contact- *Eazybahi solutions- Compliance with Ease.
*
For any assistance on compliance of your GST Returns contact us – Whatsapp/call us at 8839799210 or email us at info@eazybahi.com.