Goods and Services Tax (GST)

The term “GST” represents goods and services tax, which was initially proposed during the Budget Speech on 28th February 2006.

Enquiry Now


    The term “GST” represents goods and services tax, which was initially proposed during the Budget Speech on 28th February 2006. This proposal served as the basis for a comprehensive overhaul of India’s indirect tax system. Subsequently, on 1st July 2017, the Goods and Services Tax Act was officially implemented, marking a significant transformation in the country’s indirect taxation structure. Throughout its journey, the GST legislation underwent a series of amendments to refine and enhance the system.

    GST is an indirect tax imposed on the purchase of various goods and services, including food, clothing, electronics, daily necessities, transportation, and travel. Unlike direct taxes, GST is not directly paid by customers to the government. Instead, it is applied to manufacturers, sellers, and service providers. Typically, sellers incorporate the tax into their costs, resulting in customers paying a price that includes GST. As a result, individuals often bear the burden of this tax, irrespective of their income tax status.

    More on GST –

    1. GST Registration
    2. GST Return Filing
    3. GST Registration Changes and Amendments Services

    What are the benefits of having GST Registration?

    GST was introduced as a groundbreaking reform and the most significant tax system change in India since Independence. It replaced numerous indirect taxes like state sales tax, service tax, and excise duty, simplifying the tax structure with a unified central regime applicable to all goods and services. The greatest advantage of GST was the creation of a unified market across India, eliminating state borders as barriers to trade. This facilitated the seamless movement of goods between states, resulting in faster truck transportation and reduced need for multiple warehouses. However, the complexity of GST remains due to its multiple tax rate slabs for different product categories, exceeding initial expectations.

    GST Benefits

    GST is beneficial not only for the business and industry but also for the government and consumers.
    Here are some of the benefits.

    Non-Resident Taxable Person Registration:

    Previously, the VAT process often evoked images of people visiting and waiting in lengthy queues at government offices, dealing with paperwork, and other administrative tasks. However, that scenario has undergone a significant transformation in GST. Registering for GST and filing GST returns have now become streamlined and technology-oriented and widely being done online.

    TDS (Tax Deduction at Source) and TCS (Tax Collection at Source) Registration:

    The establishment of a strong and inclusive IT system was considered crucial for the implementation of the GST regime in India. As a result, various taxpayer services like registrations, returns, payments, etc. are accessible online, facilitating convenient and transparent compliance.

    Casual Taxable Person Registration:

    Previously, the imposition of various indirect taxes by the Central and State governments, along with limited or non-existent input tax credits during different stages of value addition, resulted in the prices of goods and services carrying numerous concealed taxes. However, with the implementation of GST, there is now a single tax applied throughout the supply chain, from the manufacturer to the consumer. This shift promotes transparency by clearly revealing the taxes paid by the final consumer.

    Regular GST Registration (Normal Taxpayer):

    GST offers transparency to various stakeholders in the business ecosystem, including traders, wholesalers, retailers, importers, and exporters. One significant benefit is that it simplifies business transactions for them. Each entity involved in the supply chain is required to pay GST on their purchases, and if they are not the final consumer but rather a part of the chain, they can claim input credits. This streamlined process enhances ease of doing business for these stakeholders.

    Composition Scheme Registration:

    Having a GST certificate allows businesses to expand their market reach beyond their home state. GST creates a unified market by removing barriers between states. With a GST certificate, businesses can easily engage in interstate trading without the complexities and compliance issues associated with multiple state-specific taxes. This promotes the free movement of goods across state borders, streamlining the supply chain.


    What does LOREM mean?
    Lorem ipsum dolor sit amet, consectetur adipisici elit…’ (complete text) is dummy text that is not meant to mean anything. It is used as a placeholder in magazine layouts, for example, in order to give an impression of the finished document. The text is intentionally unintelligible so that the viewer is not distracted by the content. The language is not real Latin and even the first word ‘Lorem’ does not exist. It is said that the lorem ipsum text has been common among typesetters since the 16th century. (Source:
    Where can I subscribe to your newsletter?
    We often send out our newsletter with news and great offers. We will never disclose your data to third parties and you can unsubscribe from the newsletter at any time. Subscribe here to our newsletter.
    Where can I edit my billing and shipping address?
    If you created a new account after or while ordering you can edit both addresses (for billing and shipping) in your customer account.