As it is a recently launched combined form of various indirect taxes which is levied on every type of supply of goods and services. Here in India, the goods and services are divided into five tax slabs for the collection of applicable tax, as these are started from- 0%, 5%, 12%, 18%, and 28% of the set price of goods and services.
Here, in India, the GST Law is a quite comprehensive, multi-stage, destination-based tax that is a simple form of indirect tax which is levied on every value addition.
Before the launch of GST, there were different types of indirect taxes which are levied by the consumer like entertainment tax, octroy, and local tax that was levied by state and center. But now, you will see, the GST Law in India, has superseded many indirect tax laws which were previously existed.
Therefore, if you want to maintain your GST records and pay an accurate taxable amount of GST, you need to consult a GST expert in India. So that he could help you register your firm for GST and help you get GSTIN and pay the exact suitable amount for your goods and services. For that our tax expert in India, Mr. Virinder K Sachdeva is always there to help you in GST, he is known as the best tax lawyer in India.
So if you are new to knowing GST and want to reduce this stress so that you could give more time to your business and other services, then contact us immediately. Our tax experts will help you explain and pay GST in a proper way so that you could not face any loss.