Goods And Services Tax. Help Desk Number: 1800-103-4786

May 1, 2024 · The goods and services tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the ...

GST/HST NETFILE is an Internet-based filing service that allows registrants to file their goods and services tax/harmonized sales tax (GST/HST) returns and eligible rebates directly to the Canada Revenue Agency (CRA) over the Internet.

Remit (pay) the GST/HST you collected. When and how to remit (pay) the tax, including by instalments. Claim a GST/HST rebate. All rebates available, charging GST/HST in error, and FCTIP. Confirming a GST/HST account number. How to confirm the GST/HST account number of a supplier, and how to use the GST/HST registry. Apply for a GST/HST credit

Nov 28, 2023 · By doing this, GST aims to ensure a seamless flow of credit across the value chain and across states, fostering a harmonized national market for goods and services. Moreover, GST seeks to broaden the tax base, enhance tax compliance, and boost revenue for the government. Key Components of GST Taxable Goods

Oct 9, 2024 · The dual GST model in India applies both central and state GST on intra-state supplies and IGST on inter-state supplies. India’s GST is also designed with multiple tax rates, ranging from 0% on essential goods like food, to 28% …

GST has removed the cascading effect. Tax is calculated only on the value-addition at each stage of the transfer of ownership. Understand what the cascading effect is and how GST helps by watching this simple video: The indirect tax system under GST will integrate the country with a uniform tax rate. It will improve the collection of taxes as ...

Jan 31, 2025 · Subsequently, the seller charges a total of 12% GST and deposits the revenue to the central government and the Maharashtra state government. IGST . IGST, or Integrated Goods and Services Tax, is a simpler tax that is levied on inter-state transactions (when the purchase and supply of goods take place between different states). ...

May 24, 2024 · Components of GST. In total, the Goods and Services Tax comprises 4 components as explained below. Central Goods and Services Tax (CGST) It is levied on the intra-state (within the same state) as well as intra-UT (within the same UT) supply of goods and services.; It is levied and collected by the Central Government and its proceeds go to the …

Aug 12, 2023 · What is GST? GST is a consumption-based tax imposed on goods and services. It is a single uniform tax which has eliminated and absorbed multiple taxes under the previous indirect tax regime that included Value Added Tax (VAT), Service Tax, Excise Duty, Central Sales Tax (CST), Entry Tax, Local Body Tax (LBT), etc. GST is applicable on all goods and services, …