Which items are liable for cess in GST In GST, cess is levy on certain goods or services that are consider to be luxury or sin goods, such as cigarettes, tobacco products, pan masala, aerated drinks, and luxury cars. For more information to visit https://www.gst.gov.in/ The proceeds from the cess are mean to be use… Read More »
Is GST registration mandatory for MSME GST registration mandatory for (MSME)Micro, Small, and Medium Enterprises (MSMEs) if their aggregate turnover exceeds Rs. 40 lakhs (for goods suppliers) or Rs. 20 lakhs (for service providers). However, in some states, the threshold limit for GST registration for goods suppliers has been increased to Rs. 75 lakhs. To… Read More »
Types of GST In India, there are primarily four types of Goods and Services Tax (GST): State Goods and Services Tax (SGST): Levied by state governments on the supply of goods and services within the state. Central Goods and Services Tax (CGST): Levied by the central government on the supply of goods and services within… Read More »
