GST Help

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REGISTERING UNDER GST :-
Every person who is registered under an earlier law will take registration under GST too. Where a business that is registered has been transferred to someone, the transferee shall take registration with effect from the date of transfer. Registration is mandatory for anyone who makes the inter-state supply of goods and/or services. Registration is mandatory for Casual Taxable Person Non-Resident Taxable Person Agents of a supplier Taxpayers paying tax under reverse charge mechanism Input Service Distributors E-commerce operator or aggregator and their supplier's Person supplying online information and database access or retrieval services from a place outside India to a person in India, other than a registered taxable person.

When is Tax Levied?
A taxable event such as manufacture, sale, and provision of a good has to occur for the tax to be collected. Under the current system, each taxable event is subject to multiple taxes such as excise, VAT/ CST, and service tax. But under GST, products will no longer have multiple taxes, and will not incur excise duty as well as VAT at different points of time. There will no longer be any difference between goods and services in terms of taxation. An example of this is when we go out to eat at a restaurant. Earlier, the customer paid both VAT and service tax on a single bill, but after is implemented there will be a single tax charge on the bill amount.