Many Indirect taxes like VAT, Excise Duty, Service Tax, CST, Import- Export, Octroi, Luxury Tax and Entertainment Tax is now only require a GST registration. This will result in less compliances and help businesses to focus more into their business.
When the supply of goods and services takes place WITHIN the State (Intra-state), that is when the Supplier and the Consumer both are in the same state, two taxes will be levied. One part is levied by the State Government and the other is by Central Government. Hence the tax levied by the central government is known as Central GST.
State GST is the component of GST that will be collected by the state government on all items, both goods and services on intra-state trade.
When the supply of goods and services takes place BETWEEN two States (Inter-state), that is when the place of Supplier and the Consumer are in different states, Integrated GST is levied by the central government. In case of Inter State supply of Goods and Services only IGST will be applicable.
Our Firm has limited capacity and can only accept a small portion of the start-ups or other companies who approach us for representation. But we promise that if you are accepted as a client, we will use all our efforts, contacts and judgment to make your business a success.
