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What is GST? A Beginner’s Guide to India’s Tax System. Get Practical

Description

Goods and Services Tax (GST) is a comprehensive, indirect tax levied on the supply of goods and services across India. Introduced on July 1, 2017, GST replaced multiple indirect taxes such as VAT, Service Tax, and Excise Duty, simplifying the taxation system and promoting ease of doing business.

What is GST? A Beginner’s Guide to India’s Tax System. Get Practical GST Course by SLA Consultants India, New Delhi

Understanding GST: Key Features

✅ Single Tax Structure

GST is a destination-based tax, meaning it is collected at the point of consumption rather than production.
It eliminates tax-on-tax (cascading effect), making goods and services more affordable.

✅ GST Tax Slabs

The GST system is divided into five tax slabs: 0%, 5%, 12%, 18%, and 28%, depending on the type of goods or services.
Essential goods like food grains are tax-free, while luxury items fall under the 28% slab.

✅ Types of GST

CGST (Central GST) – Tax collected by the Central Government.
SGST (State GST) – Tax collected by the State Government.
IGST (Integrated GST) – Applicable on interstate transactions, collected by the Central Government.
UTGST (Union Territory GST) – Applied in Union Territories like Delhi and Chandigarh.

✅ Who Needs to Register for GST?

Businesses with an annual turnover above ₹20 lakh (₹10 lakh for special category states).
E-commerce businesses, exporters, and inter-state suppliers.
Service providers and manufacturers dealing in taxable goods.

What is GST? A Beginner’s Guide to India’s Tax System. Get Practical GST Course by SLA Consultants India, New Delhi

✅ Benefits of GST

Simplifies tax compliance by merging multiple taxes into one.
Enhances transparency in the taxation system.
Boosts economic growth by making businesses tax-compliant.
Encourages ease of doing business in India.

Get Practical GST Training by SLA Consultants India, New Delhi

To gain expertise in GST filing, compliance, and tax management, SLA Consultants India offers a Practical GST Certification Course, covering:
✅ GST Registration & Compliance – Learn to register businesses under GST and ensure tax compliance.
✅ GST Returns & E-Filing – Hands-on training in GSTR-1, GSTR-3B, and annual return filing.
✅ Input Tax Credit & Reverse Charge Mechanism – Understand tax benefits and adjustments.
✅ Tally ERP & GST Integration – Practical use of Tally for GST calculations.

Why Choose SLA Consultants India?

✔ Industry-Recognized Certification to boost career prospects.
✔ 100% Practical Training with real-time case studies.
✔ Expert-Led Sessions by GST professionals.
✔ Flexible Learning – Online & Classroom Options.

🚀 Become a Certified GST Expert – Enroll Today!

SLA Consultant What is GST? A Beginner’s Guide to India’s Tax System. Get Practical GST Course by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

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