Goods and Service Tax mainly rules the new Indirect Tax regime in India. GST regime has given recognition to three different types of taxes i.e Integrated GST (IGST), Central GST (CGST), State GST (SGST). With online processes involved, the indirect tax system has been simplified and as a compliance requirement, all registered suppliers need to regularly compute and pay GST and thereafter prepare, submit and file their GST within the time prescribed under law.
Service AreasGST Certificate gives authentication and credibility to business establishment
Open Current AccountBanks demand GST certificate and number for opening a current account
Claim Input Tax Credit or Tax RefundOnly registered suppliers can claim ITC or Tax Refund on input goods or Services
Apply for TenderGovernment Department demands for GST Registration Certificate for tender bidding
Supply out of StateGST is a mandatory requirement for inter-state supply of goods or services
Business EnhancementMNC’s give preference to registered business entities to deal with