GST Registration
RJ Associates India is highly engaged in offering GST Registration, GST Consultants at very reasonable price. GST(goods and services tax) is an indirect tax that has sub-merged various Central and State level taxes like excise duty, VAT and service tax and is a value-added tax levied on most goods and services sold for domestic consumption.
Now every company shall be given a PAN based GSTIN number which shall be a common to the both the State GST and Central GST. All business holders are required to file their GST returns depending upon the category of tax payer, residential status, turnover quantum etc.
What are the GST tax rates:
- Household necessities and life-saving drugs etc. are taxed at 5%.
- Products like computers and processed food are taxed at 12%.
- Hair oil, toothpaste and soaps, capital goods, industrial intermediaries and services are taxed at 18%.
- Luxury items are taxed at 28%.
- Items that are considered basic necessities come under exempt list i.e. they are not taxed.