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Showing posts with the label GST REGISTRATION GST Registration Consultants in Bangalore GST Services in Bangalore

What are the Advantages of GST Registration in Bangalore?

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  In the GST Registration in Bangalore the Goods and Services Tax was initiated with the primary task of boosting and developing India’s economy. Apart from simplifying the indirect taxation system, GST has helped in the extraction of the capital costs on services or commodities, thus it has benefitted the end-users. Some of the major advantages of the GST system are:   Easier classification: The GST system has smoothened in producing a transparent system with a simpler classification of services and products. But, the taxation under GST is formed on the idea of supply rather than on this classification. That is, if a transaction does not go down under the kingdom of supply, it will not be taxable under GST. However, litigation arises from a case whether a particular activity or item is service or goods, is not likely to occur.   Better compliances: The imposition of the GST system has cleared the way for simpler compliances and procedures as well as assistin...

GST council sanctions last two draft bills, limits cess on demerit merchandise In Bangalore

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  It is a subversive move for the Goods and Services Tax (GST) council that had been approved by the last two remaining draft bills for State Goods and Services Tax (SGST) as well as Union Territory has the Goods and Services Tax (UTGST) and that are restricted on cigarettes (290%), aerated drinks (15%) and luxury automobiles (15%).   According to GST Registration in Bangalore , as we are Sliding an inch closer, the council cleared the remaining two GST bills which help implement the biggest tax helps to reform the country moving its way into the state and parliament legislative bodies. The council has approved these two bills is being made deemed as a landmark development in the country’s exhaustive journey by implementing a unified tax system, according to experts.   The council has also approved to limit cess on demerit (and luxury or sin) merchandise. There are newly introduced cess rates are as follows:   For automobiles and aerated drinks (colas), t...