What is the Meaning of GST | Official Portal www.gst.gov.in

GST is an Indirect Tax, which is levied on the sales or purchase of taxable goods or services. Taxable goods or services are those goods or services which are declared as taxable goods or services in GST Rate Schedule. To know more about the GST Rate schedule please visit GST's official website www.gst.gov.in. GST stands for Goods & Services Tax.

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In 2014, It is approved the proposal for the introduction of a Bill in the Parliament for amending the Constitution of India to facilitate the introduction of Goods and Services Tax (GST) in the country. The Bill was introduced in the Lok Sabha on 19.12. 2014, and was passed by the Lok Sabha on 06.05. 2015. Finally, the government proposes to introduce GST with effect from 1st July 2017.

Types of GST in India

There are mainly four types of GST (Goods and Service Taxes) in India, namely:

IGST - Integrated Goods & Service Tax
This GST tax is imposed on the inter-state transactions of goods and services and is also levied on imports. The Central government is in charge of IGST, which means it collects this tax and then distributes it to the states as agreed upon. Both, the central as well as state governments share the revenue generated from IGST. Essentially, the Integrated Goods and service tax was introduced so that all the states would have to deal with one entity i.e the Union government, instead of all the states individually. 

CGST - Central Goods & Service Tax 
Collected by the central government, Central Goods and Service Tax (CGST) is charged on the intra-state supply of products as well as services. It is supervised by the Central Goods and Service Act and has eradicated all the previous central taxes such as customs duty, service tax, CST, SAD, central excise duty, etc. The rate of CGST is the same as SGST (state goods and service tax) and the revenue goes to the central government. 

SGST - State Goods & Service Tax
SGST is charged for the sales of all products and services within the specified state. In this case, the State Government collects the revenues generated by this tax. Taxes such as VAT (value-added tax), entertainment tax, entry tax, cesses, surcharges, state sales tax, etc. have been replaced by one tax, namely SGST. 

UTGST - Union Territory Goods & Services
Union Territory Goods and service taxes are essentially levied upon all transactions on goods and services that are carried out in any of the Union Territories of India which include Andaman & Nicobar Islands, Chandigarh, Lakshadweep, Diu, Daman, etc. This is charged along with CGST and follows similar rules and regulations of CGST.

Official GST Portal www.gst.gov.in

The GST official web portal is www.gst.gov.in. GST website is also known as the Goods and Services Tax web portal in India. This Portal has been designed to facilitate taxpayers and other stakeholders for GST Registration, filing of GST returns, and application for refunds, to the time a taxpayer applies for the cancellation of the GST registration. Taxpayers and other stakeholders can lodge Complaints here indicating issues or problems faced by them while working on the GST portal instead of sending emails to the Helpdesk. It has been designed in a manner that the user can explain issues faced and upload screenshots of pages where they faced the problem, for quick redressal of grievances.

Contact for GST Registration:

Office Address: 5/234, Paschim Putiary, Kudghat, Tollygunge, Kolkata-700041.

Visiting time: From 10:30 AM to 4:30 PM, Everyday.

Nearest Metro Station: 7 minutes walking distance From Netaji Metro Station (for the Kudghat area) Auto Riska services are available there. 9 minutes walking distance From Mohanayak Uttamkumar Metro Station (for the Tollygunge area) Auto, Riska, Buss, and Taxi services are available there.

Bus, Taxi, Auto Stop: Karunamoyee Stop (Kudghat). Click Here to use our Google map to reach our Office Address.

Contact Person : Jiban Mohanty
Mobile Number Call: 9830017363
e-Mail ID  : cajiban@gmail.com

Full Form of HSN Code | Goods and Services Tax in India

The full form of the HSN code is Harmonized System of Nomenclature. It is used by the Goods and Services Tax in India to classify various goods relating to GST in a systematic manner to identify them easily. It was developed by the World Customs Organization (WCO) and is considered the global standard when it comes to naming various goods. The HST Code is limited to 6 digits. This 6-digit uniform code can be used to classify particular products or particular product groups to maintain uniformity of goods.

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