Goods and Service Tax
Goods and Service Tax
Goods and Services Tax (GST) has been recently introduced in India. The new GST regime has replaced almost all existing taxes in levied by both central and state governments in India. KKS Capital is a leading player in GST implementation and advisory with a clientele of over 200 GSTN’s. Our team of experts has become pioneer in this new taxation regime.
- Â Our range of services includes:
- Â GST Advisory
- Â GST Compliances
- Â GST Compliances
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Very good financial advisor. Leader is very nice person with all time cooperation.
Very good financial advisor.Courteous and knowledgeable staff. Owner is very cooperative and helpful.
FAQs
What is GST?
GST (Goods and Services Tax) is a single, unified tax on the supply of goods and services, replacing multiple indirect taxes like VAT, excise, and service tax.
Who needs to register for GST?
Businesses with annual turnover exceeding the prescribed threshold limit must register for GST. Registration is also required for specific sectors like e-commerce.
What are the different GST tax rates?
GST rates vary depending on the type of goods or services, with common rates being 5%, 12%, 18%, and 28%. Some goods and services are exempt.
What is the GST Registration process?
GST registration involves submitting an online application on the GST portal, providing necessary documents, and receiving a GSTIN (GST Identification Number) after approval.
How do I file GST returns?
GST returns are filed online through the GST portal. The types of returns include GSTR-1, GSTR-3B, GSTR-9, and others, depending on the business type.
What is Input Tax Credit (ITC)?
ITC allows businesses to reduce their tax liability by claiming credits for the GST paid on business-related purchases or expenses.