在印度註冊消費稅

The Goods and Services Tax (GST), which went into effect on July 1, 2017, applies to all Indian service providers (including freelancers), merchants, and manufacturers. A number of central taxes, including as Service Tax, Excise Duty, and CST, as well as state taxes, such as Entertainment Tax, Luxury Tax, Octroi, and VAT, have been merged into a single tax, GST, which went into effect on July 1, 2017. GST will be levied at every stage of the supply chain, with full set-offs available. The GST procedure is totally online and does not involve any physical interaction.

Every product travels through numerous steps of the supply chain, which include sourcing raw materials, manufacturing, selling to a wholesaler, selling to a retailer, and finally selling to the customer. Surprisingly, GST would be applied on all three phases. Assume a product is manufactured in West Bengal but consumed in Uttar Pradesh; the full income will go to Uttar Pradesh.

GST will include three tax components: a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST), where both the centre and the state would impose GST on all entities, i.e. when a transaction occurs inside a state. Inter-state transactions will be subject to the Integrated Goods and Services Tax (IGST), which will be collected by the central government, i.e. when a transaction occurs from one state to another.

Mandatory Under Law

GST Registration Is Mandatory For Specific Taxpayers Based On The Nature Of The Transaction Or Turnover.

Turnover Based

Registration Becomes Mandatory When A Specific Threshold Or Turnover Of Rs 10 Lakh, Rs 20 Lakh, Or Rs 40 Lakh Is Exceeded.

To Avail Input Tax Credit

Registration Is Required To Receive GST Input Credit On Purchases Of Goods Or Services Made For The Business.

To Make Inter-state Supply

Without a GST registration number on the invoice, the supply of goods by and between states is prohibited.

For Import & Export

在印度註冊消費稅 Is Required For Any Import Or Export. After filing a lut, you may be eligible for a 0% GST rate on exports.

Other Tax Payer Category

在印度註冊消費稅 Is Mandatory For The Casual Taxable Person, Regardless Of Turnover, In Case Of Rcm, Non-resident, Isd, Etc.