Are you a store owner or a small business owner who is still not registered under the GST act (www.gst.gov.in Portal) of 2017? Well if that’s the case then you might get into some minor trouble but worry no more because we are going to be showing you how you can easily register and log in with your GST account online.
Over The years there have been many changes in the Indian Constitution but one of the most recent and prominent changes was that of the addition of the GST bill which pretty much changed the way consumerism worked in our country.
GST something around for quite some time now but it was recently that the idea took into account and got accepted into the Indian parliament resulting in a massive change how to get some people are still finding it difficult to adjust to. The GST stands for goods and services tax in India And it has definitely helped out the Indian economy in many ways which are still unknown.
The GST tax something which is considered as an indirect tax and is levied on the customer for whatever goods or services the person pays for.
This is a step in the right direction in an economy like India because a previously there used to be a myriad of taxes which would cripple the number of services one could get access to does overall increasing the price of goods eventually and also leading to minor corruption in the way. Whether GST one can easily calculate their own taxes and ensure that they get access to stuff which is easily available without having to worry about the abuse of overpriced goods in the name of taxes which don’t even exist.
GST has been around for over a year now and people are still unaware of the things that they are going to get with this new amendment. If you are one of those people then worry no more because we are going to be helping you out by providing you with all the necessary information regarding the GST bill.
What is the GST Bill?
The GST bill was launched on the Midnight of 1st of July 2017 by the President of India i.e. Hon’ble Pranab Mukherjee and the Government of India. The GST bill was supported by almost all rich Indian tycoons who also attended the launch of the bill but the bill was heavily criticized by the unified opposition front against the ruling party of which thought of the problems that this bill might pose to the middle class and lower class citizens of India who might not have adequate information regarding this bill and could be abused while they were getting used to this new change.
The GST a.m. fixing the amount of taxes that would be levied on each and every good according to the various class of goods and services out there. Ever since the release of GST as a unified law instead of a bill, there have been many changes in the percentages of the taxes that are levied on the goods. The most recent changes made in the GST bill has been on 18th Jan 2018, where a panel of federal and state finance ministers decided to revise GST rates on 29 goods and 53 services. There are many taxes which are subsumed under the GST and people are still unaware of these. Some of the Taxes which are available right under the www.gst.gov.in are that of service tax, Central excise duty, Any kind of additional customs duties, Surcharges and the additional state added value-added taxes along with octroi. The GST is levied on almost all transactions including sale, purchase, transfer, leasing, renting, barter along with import and exports of goods and services. The GST something that has already been under the practice in many countries like that of the United States and Canada. India country is the use the method of single GST that is the center controls almost all the regulation of all kinds of taxes. In India, the dual model of GST has been used that is the taxes are controlled jointly by both the states and the center.
Transactions which are made within a single state are levied under the Central GST (CGST) by the Central Government along with the State GST (SGST) by the State governments. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied with the help of the Central Government. GST is imposed in different ways and thus people are still confused about how much GST they have to pay on the goods they are buying. To combat this problem there is the development of GST calculator apps which help out people a lot. Goods and services are divided into five tax slabs for collection of tax – 0%, 5%, 12%,18% and 28%.
How to Register on www.gst.gov.in
If you are someone who is a shop owner or small business owner and is still not registered under the gst bill (www.gst.gov.in) then today you are at the right place because we are going to be showing you all how you can easily get your hands on the gst bill and register yourself under it. Here are the following steps that are necessary to get yourself registered –
- Firstly open up your browser on your PC or smartphone devices.
- Now simply go to the following link – https://reg.gst.gov.in/registration or www.gst.gov.in.
- Enter all of your correct details and you are good to go.
- You will be required to enter sensitive information like PAN card number etc to register for your GSTIN.
How to Login on www.gst.gov.in
If you are looking forward to logging in to your GST account then you are at the right place. Here are the steps –
- Open up the browser or your devices.
- Now simply click on the following link – www.gst.gov.in
- Enter your correct credentials and you are good to go.