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Learn, Easy Answers To All Your Questions Related To Indian GST

Business Sumit Kumar 28 June 2018

At the Central Hall of Parliament on Friday, President Pranab Mukherjee and PM Modi launched Indian GST by pressing the button. Although there are still a large number of people, there are still some confusions about its provisions. Learn, here you are given in detail in answering all the questions related to Indian GST. Learn, answer all your questions about GST Calculator India.

Services such as banking and telecom will be expensive. Apart from this, tax on flats, redeemable garments, monthly billing and tuition fees will also be increased.

  • When you go to AC Restaurant from July 1st, be ready for 18% tax. Yes, if you go to non-AC restaurants, saving up to 6% will cost only 12%.
  • You also have to pay 18 percent of the tax on mobile bills, tuition fees, and saloons. So far 15% of them have been taxed.
  • On the purchase of clothes worth more than Rs. 1,000, you will now have to pay 12% of the tax. So far, it had only 6 percent state VAT. Note that at less than 1,000 garments, a tax will be charged at the rate of 5%.
  • GST will have to pay 12 percent tax on the purchase of a shop or a flat. At present, it is around 6%.

These items will get cheap from GST

  • 81 percent items will be in slabs below 18 percent. Two-way radios that will be used by especially weaving machinery, static converters, electric transformers, winding wires, transformers industrial electronics and defense, police and paramilitary forces will be cheap.
  • Postage and revenues stamps will also be cheap. Only 5% of these will be the tax.
  • Cutlery, ketchup, sausage, and pickle etc. are also cheap. They will be placed in a 12% slab.
  • Salt, Children’s Picture, Drawing and Color Books are excluded from the GST scope. Playing Cards, Chase Board, Carrom Board and other board games have been reduced to 12% slab.

Learn how much taxes will cost

Tax-exempt from these items

Fresh meats, fish chicken, egg, milk, buttermilk, curd, honey, fruits and vegetables, flour, gram flour, bread, rice, Prasad, salt, bindi, vermilion, stamp. Items of all everyday needs, such as judicial documents, printed books, newspapers, bangles and handlooms are excluded from the GST scope.

These will take just 5% of tax

Items like fish cream, fillet, branded cheese, skimmed milk powder, frozen vegetables, tea, coffee, pizza, spices, juices, sago, kerosene, coal, medicines, stents, and lifeboats are kept at the lowest rate of 5% of tax has gone.

12 percent tax on such essential items

Butter, Packaged Dry Fruits, Frozen Meat Products, Animal Fat, Fruit Juice, Bhujiya, Sauces, Salt, Ayurvedic Medicines, Agarbatti, Tooth Powder, Color Books, Umbrella, Picture Books, Sewing Machines and Cell Phone Essential Items like 12% Has been placed in the slab.

18% tax on these items of middle class

18 on Flavored Refined Sugar, Pastries, and Cakes, Cornflakes, Pasta, Jam,  Prevised Vegetables, Soup, Sauces,  Ice Cream, Mineral Water, Instant Food Makes, Envelopes, Tissue, Steel Products, Notebooks, Cameras, Printed Circuits, Speakers and Monitors A decision has been taken to install percent GST.

They will look at the highest 28 percent tax

Chewing gum, cocoa-free chocolate, jaggery, aerated water, pan masala, paint, shaving deodorant, hair shampoo, cream,  dye, wallpaper, sunscreen, water heater,  ceramic tiles, sewing machine, dishwasher,  washing machine, vending machine, ATM,  Considering the vacuum cleaners, shivers, automobiles, hair clippers,  motorcycles, aircraft for personal use and boating as luxury, the GST Council decided to impose a tax of 28 percent. Land.

Know what the impact will be on the traders?

  • Businesses with the annual turnover of less than Rs.20 lakh have been exempted from the GST arrangement. So far this relaxation was limited to 10 lakhs.
  • Under traders, manufacturers and restaurant composition schemes with an annual turnover of more than Rs 75 lakh, you can pay 1, 2 and 5 percent respectively. However, these businesses will not get input tax credit.
  • Other traders will have to fill three returns every month. Two of these will be automatic.
    Any goods that come after July 1st will be GST. However, there will be a combination of traders on the sale of stocks that come before June 30.

Learn, the complete process of registration of GST

How long will registration: From June 25 to June 30, the GST registration is resumed once again. This time unregistered or new businessmen will also be able to apply.

To get registered here: the Common portal for business people across the country is gst.gov.in. GSTN ID and password will be sent through the department you are registered in. Unregistered businessmen will be given a special link as soon as the portal opens on June 25, from which they can generate ID-Password for themselves.

After the id verification, enter the permanent email id and mobile number. Change the ID password with the help of OTP. Unregistered traders will get the opportunity to generate an ID based on their existing documents.

How to register: Login on GST portal. Enter the provisional ID-password.
What to do: Enrollment will go to the App page as soon as the id-password is entered, click on individual 8 tabs to give this information: Business Details, Promoter or Partner, Authorized Signatory, Key Location of Business, Additional Location of Business, Goods More services, bank accounts Then the page of digital signature will open, within 15 minutes of submitting you will get an application reference number (ARN).

Here you can get help: If you have any kind of problem send your details to [email protected] or call helpline number 1800-1200-232.

Who has to register: If the turnover is above Rs 20 lakh and you are registered in the VAT, excise or service tax then you will come to the unregistered category as soon as GST is implemented without the provisional GST registration. It will be 30 days for new registrations. For the previous input credit and refund, you should be registered and migrated.

Registration Expenses: If you are doing it yourself can be free because there is no fee for registration. If you are getting help from the CA or IT solution firm then you can spend up to Rs 1000 to Rs 3000.

What is GS-TIN: Getting an enrollment number means that registration is almost fixed. The department can ask to upload some details including sales details. After this procedure, you will be issued a permanent provisional GST registration number will be issued which will work as TIN number once GST is implemented.