How To Get GST Registration

GST is also known as Goods and Service Tax which is applicable for every individual or commercial entity that provides services or supplies goods in India. [GST] became mandatory especially when the whole value of supply touches or crosses the 20 Lakh rupees benchmark. The Indian ministry of finance has already made the whole filing as well as registration process easy for businesses. If we remember the past without GST we have a Chain of taxes where we have to pay tax on tax whenever we buy any goods or services which was a bit expensive around 25-30% and also leads to making price higher of goods and services.

GST Tax Slabs: -

Indian GST Council has divided tax slabs into various categories for various products and services. Such as.

Exempted GST Rate Slab: -

This category includes 7% of all goods and services. Fresh fruits and vegetables, milk, buttermilk, curd, natural honey, flour, besan, bread, all kinds of salt, jaggery, hulled cereal grains, fresh meat, fish, etc.

GST Rate Slab of 5%

This category includes 14% of all goods and services. as are packaged food items, cream skimmed milk powder, branded paneer, and so on.

GST Rate Slab of 12 %

Frozen meat products, butter, cheese, ghee, packaged dry fruits, animal fat, sausage rolls, fruit juices, namkeen, ketchup & sauces, ayurvedic medicines, all diagnostic kits and reagents, cellphones, spoons, forks, toothpaste of powder.