Goods and Service Tax (GST) is a Indirect tax replaced previously existed multiple tax system as single tax on goods and service. Goods and service tax levied on Government set by the goods and service. Consumer has to pay GST while purchasing goods or service, GST registers will pay the tax to the Government behalf of Consumer. GST is the major revenue for Government.
Before 2017 India was levy indirect tax like Central Excise Duty, State VAT, Central Sales Tax , Purchase Tax, Entertainment Tax, Taxes on advertisements, Luxury Tax, Duties of Excise. On 2017 Central Government has decided to bring one nation for one tax in all over India. On 29-March-2017 Parliament was passed GST Bill and Its came effect on 1st July 2017. In India GST is a biggest reform tax structure in decades.
GST Components in India
There are 4 taxes applicable under this system as CGST, SGST, IGST and UTGST
1. CGST- (Central Goods and Service Tax): Collected by the Central Government for Supplies within a State.
2. SGST- (State Goods and Service Tax): Collected by the State Government for Supplies within a State.
3. IGST- (Integrated Goods and Service Tax): Collected by the Central Government for Inter-State supply.
4. UTGST- (Union Territory Goods and Service Tax): Collected by Union Territory Government for Supplies within a Union Territory.
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CGST- Central Goods and Service Tax
Central Government of India levied CGST on Goods and Service any transaction makes in within a State, It is one of the two taxes charged on intrastate transaction, another one is SGST or UTGST. CGST rate is equal to SGST in interstate transaction. Before GST regime Government was levying Service Tax, Central Excise Duty, CST, etc
SGST- State Goods and Service Tax
State Government levied SGST on Goods and Service any transaction makes in within a State. In intrastate supply two taxes charges SGST with CGST. Here also SGST rate equal to CGST. State Government was levying VAT,Sales Tax, Entertainment Tax, State tax, Luxury Tax, Entry Tax insted new SGST.
IGST- Integrated Goods and Service Tax
Central Government levied IGST on any inter-state transaction of goods and service. IGST tax will collects by only Central Government of India when a goods and service move from one state to another state. Here Central government collect tax distribute respective states depend on requirement.
UTGST- Union Territory Goods and Service Tax
Taxable person as per GST Act.
How to Register GST and How to Get GSTIN
Before 2017 India was levy indirect tax like Central Excise Duty, State VAT, Central Sales Tax , Purchase Tax, Entertainment Tax, Taxes on advertisements, Luxury Tax, Duties of Excise. On 2017 Central Government has decided to bring one nation for one tax in all over India. On 29-March-2017 Parliament was passed GST Bill and Its came effect on 1st July 2017. In India GST is a biggest reform tax structure in decades.
GST Components in India
There are 4 taxes applicable under this system as CGST, SGST, IGST and UTGST
1. CGST- (Central Goods and Service Tax): Collected by the Central Government for Supplies within a State.
2. SGST- (State Goods and Service Tax): Collected by the State Government for Supplies within a State.
3. IGST- (Integrated Goods and Service Tax): Collected by the Central Government for Inter-State supply.
4. UTGST- (Union Territory Goods and Service Tax): Collected by Union Territory Government for Supplies within a Union Territory.
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CGST- Central Goods and Service Tax
Central Government of India levied CGST on Goods and Service any transaction makes in within a State, It is one of the two taxes charged on intrastate transaction, another one is SGST or UTGST. CGST rate is equal to SGST in interstate transaction. Before GST regime Government was levying Service Tax, Central Excise Duty, CST, etc
SGST- State Goods and Service Tax
State Government levied SGST on Goods and Service any transaction makes in within a State. In intrastate supply two taxes charges SGST with CGST. Here also SGST rate equal to CGST. State Government was levying VAT,Sales Tax, Entertainment Tax, State tax, Luxury Tax, Entry Tax insted new SGST.
IGST- Integrated Goods and Service Tax
Central Government levied IGST on any inter-state transaction of goods and service. IGST tax will collects by only Central Government of India when a goods and service move from one state to another state. Here Central government collect tax distribute respective states depend on requirement.
UTGST- Union Territory Goods and Service Tax
Union Territory Government collected UTGST on any transaction makes within Union Territory. Andaman and Nicobar Islands, Chandigarh, Lakshadweep, Dadra and Nagar Haveli and Daman and DiuUnion comes under Territories of India.
Taxable person as per GST Act.
Any person engages in trade and commerce at any place in India treated as taxable person . Here Person is An Individual, HUF, company, firm, LLP, an AOP/BOI, any corporation or Government company, corporate body, under laws of foreign country, co-operative society, whose turnover in a financial year exceeds Rs 20 lakhs, Every person who is registered under previous law system like Service Tax Excise, VAT, any person involved in intra-state supply, who is running e-commerce business mandatory for a person to register under the GST Act.
How to Register GST and How to Get GSTIN
Before Going learn how to register GST, we need to know what is GSTIN who is register compulsory GST .
What is GSTIN?
GSTIN or GST is uniq identification number provided by government to all business entities. In previous indirect tax system taxpayers have different identification number like TIN , Service Tax Number. In GST regime all indirect tax payers comes into one authority or one department.
Every Tax payers have 15 digit state-wise PAN-based Identification Number
Each State have uniq Digit code It will represent State code of tax payer
Next 10 digit is the taxpayer or institution PAN Number
13th digit indicate the number of registrations as a business entity has within a state for the same PAN
14 Digit will be by default as Z
Last digit will be used for detection of errors.
State code list State
01 Jammu & Kashmir
02 Himachal Pradesh
03 Punjab
04 Chandigarh
05 Uttarakhand
06 Haryana
07 Delhi
08 Rajasthan
09 Uttar Pradesh
10 Bihar
11 Sikkim
12 Arunachal Pradesh
13 Nagaland
14 Manipur
15 Mizoram
16 Tripura
17 Meghalaya
18 Assam
19 West Bengal
20 Jharkhand
21 Orissa
22 Chhattisgarh
23 Madhya Pradesh
24 Gujarat
25 Daman & Diu
26 Dadra & Nagar Haveli
27 Maharashtra
28 Andhra Pradesh
29 Karnataka
30 Goa
31 Lakshadweep
32 Kerala
33 Tamil Nadu
34 Puducherry
35 Andaman and Nicobar Islands
36 Telengana
37 Andra Pradesh (New)
How to register GST
Businesses can register for GST and obtain GST registration number free of cost
Log into gst.gov.in
First we have to fill GST REG-01 form
Business Details
Promoter / Partners
Authorized Signatory
Authorized Representative
Principal Place of Business
Additional Places of Business
Goods and Services
Bank Accounts
State Specific Information
Verification
Above mention steps are complete the registration process for get GSTIN number. Following we have explained processing format .
First log on gst.gov.in , Select new registration and Service tax Enter required information PAN number, email address and mobile number then Click proceed.
You will get two separate OTP for given Mobile and Email id , you have to enter within given time limit. If you entered wrong OTP you can re-generate. You will receive temporary reference number
Agains you have to Login Using TRN (Temporary Reference Number). Select registration enter TRN with captcha text as shown in site. you will receive a same OTP to mobile and email id. Once enter OTP it will redirect to my saved application page. Then you can complete next step within 15 days.
Every Tax payers have 15 digit state-wise PAN-based Identification Number
Each State have uniq Digit code It will represent State code of tax payer
Next 10 digit is the taxpayer or institution PAN Number
13th digit indicate the number of registrations as a business entity has within a state for the same PAN
14 Digit will be by default as Z
Last digit will be used for detection of errors.
State code list State
01 Jammu & Kashmir
02 Himachal Pradesh
03 Punjab
04 Chandigarh
05 Uttarakhand
06 Haryana
07 Delhi
08 Rajasthan
09 Uttar Pradesh
10 Bihar
11 Sikkim
12 Arunachal Pradesh
13 Nagaland
14 Manipur
15 Mizoram
16 Tripura
17 Meghalaya
18 Assam
19 West Bengal
20 Jharkhand
21 Orissa
22 Chhattisgarh
23 Madhya Pradesh
24 Gujarat
25 Daman & Diu
26 Dadra & Nagar Haveli
27 Maharashtra
28 Andhra Pradesh
29 Karnataka
30 Goa
31 Lakshadweep
32 Kerala
33 Tamil Nadu
34 Puducherry
35 Andaman and Nicobar Islands
36 Telengana
37 Andra Pradesh (New)
How to register GST
Businesses can register for GST and obtain GST registration number free of cost
Log into gst.gov.in
First we have to fill GST REG-01 form
Business Details
Promoter / Partners
Authorized Signatory
Authorized Representative
Principal Place of Business
Additional Places of Business
Goods and Services
Bank Accounts
State Specific Information
Verification
Above mention steps are complete the registration process for get GSTIN number. Following we have explained processing format .
First log on gst.gov.in , Select new registration and Service tax Enter required information PAN number, email address and mobile number then Click proceed.
You will get two separate OTP for given Mobile and Email id , you have to enter within given time limit. If you entered wrong OTP you can re-generate. You will receive temporary reference number
Agains you have to Login Using TRN (Temporary Reference Number). Select registration enter TRN with captcha text as shown in site. you will receive a same OTP to mobile and email id. Once enter OTP it will redirect to my saved application page. Then you can complete next step within 15 days.
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