GST Registration Charges and Govt Fees

• Every Business in India Should know about GST registration charges, As They changes day by day. GST or Goods and Services Tax Registration is nothing but applying for a unique GST Number which is also known as GSTIN i.e., obtaining GST Identification Number for your business on the GST Portal. GST is a comprehensive indirect tax, the GST Act was passed in the Parliament on March 29, 2017, came into practice on July 1, 2017. This GST Tax has replaced many taxes from the manufacturer to provider to customer. India has followed a dual GST structure, in which both states and central government impose tax/Fees on goods and/or services.

  The taxpayer or the business that obtains GSTIN implies it to collect and pay GST on their business dealings or supplies i.e., purchases, to make it clear i.e., sales and claim GST input tax credit on the inward goods and services. Basically, the types of GST Registration Cost depend on the types of the business. Following are the three types of GST which has been implemented in the country:

  • SGST: The State Goods and Services Tax is levied by the state government.
  • CGST: The Central Goods and Services Tax is levied by the central government of India.
  • IGST: The Central Goods and Services Tax is levied by both state and central government together, under the central government.
  • UTGST: The Union Territory Goods and Services Tax is imposed on the Intra UT supply of goods and services

  As per the new tax regime, tax will be deducted in the name of GST at every point of sale. State GST and Central GST are levied in case the sales or business transactions are in between two different states, and in case of inter-state supply of goods, Integrated GST will be levied for every sale. Goods that are imported will fall under IGST as they will be considered as inter-state sales.

  The State Goods and Services Tax (SGST)

  SGST or State Goods and Services Tax is one of the two taxes which is imposed on business dealings of goods and services of every state. This tax is levied by the State Government of every state, and it replaces all types of existing state tax such as Entry Tax, Sales Tax, Entertainment Tax, VAT, and so on. As per the SGST, the State Government can claim the made revenue.

  The Central Goods and Services Tax (CGST)

  CGST or Central Goods and Services Tax is the Central Tax which is imposed on transactions and business dealings of goods and services that take place within that particular state. CGST is imposed by the Central Government, and it ensures to supplant all other Central taxes that includes State Tax, SAD, CST etc. As per the market value, the prices of goods and services are charged under CGST.

  The Integrated Goods and Services Tax (IGST)

  IGST or Integrated Goods and Services Tax is imposed on the interstate transactions or business dealings of goods and services. This tax is also imposed on the goods and services that are imported to market in other states. The IGST is imposed only when the goods and services are distributed from one state to another for sales purposes.

  The Union Territory Goods and Services Tax (UTGST)

  UTGST is levied on the Intra UT supply of products and services. The aim to charge this particular tax is to apply a collection of tax to furnish benefits as same as like SGST. The UTGST is charged under GST regime to five Union Territories, they are Chandigarh, Lakshadweep, Dadra and Nagar Haveli, Damn and Diu, and Andaman and Nicobar Islands.

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