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ClearTax offers targeted services and products to make your GST transition smooth. GST Registration, invoicing, compliance, return filing and reconciliation all at one place

For Businesses

Register & Understand the impact of GST on your business

Get Training & Transition to GST

Implementing Tech Solutions for GST compliance Returns & Reconciliation

Stay updated with lastest GST developments

Register & Understand the impact of GST on your business

Get Training & Transition to GST

Implementing Tech Solutions for GST compliance Returns & Reconciliation

Stay updated with lastest GST developments

Learn about GST – from the basics to the most complex.

The GST Bill is expected to replace a myriad of indirect taxes such as VAT, Customs, Excise, CST, Service Tax, Entry Tax with a single tax called as Goods and Services Tax, The GST council is trying its best to roll it out be July 2017

GST Articles and Guides

Impact Analysis of GST on different sectors

Small and Medium enterprise

Today we have around 3 million SMEs in India contributing almost 50% of the industrial output and 42% of India’s total export. Find out what change GST will bring to the way a SME operates

Food Service and restaurants

We bring you our impact analysis on something which is very near and dear to us or rather our stomach–the restaurant and food industry.

E-commerce

For e-commerce companies, GST is particularly interesting because the model GST law specifically proposes a tax collection at source (TCS) mechanism as well.

GST Calculators

The best tools for calculating GST impact on your business, brought to you by ClearTax

Determining Place of Supply of Goods
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Determining Time of Supply of Goods
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Determining Place of Supply of Goods
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Identify the State of Registration
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Determining Time of Supply of Services
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TCS on GST - Determination
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Tax Impact Calculator
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Rate Determination Calculator
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Compliance Calendar
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HSN Mapping
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Join our GST discussion

Join us on Facebook every Friday to discuss GST and ask questions about it. Connect with your peers and experts on thoughtful GST-related discussions.

Events on GST

Returns Under Goods and Service Tax and Utilization of Input Credit
25th Jan 2017 by Shubham | Webinar
ClearTax Webinar on how to file returns under GST regime, what returns need to be filed and how to utilize the Input tax Credit
Business Impact on Dealer Registered under Composition Scheme
2nd Feb 2017 by Shubham | Webinar
ClearTax Webinar on how to file returns under GST regime, what returns need to be filed and how to utilize the Input tax Credit
Still have some doubt about GST?

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Frequently Asked Questions

When is GST going to be implemented?

Tentatively GST is planned to be implemented from 1st July 2017, however there are chances of it getting delayed by a month or two. Irrespective of this delay, one thing is sure that GST will get implemented in Financial Year 2017-18 as the constitutional amendment empower the central and state government to collect indirect taxes only till September 16, 2017 thus GST will get implemented before this date on Pan India level. So, it’s time for you to get yourself prepared for the new tax regime.

What is GST? How does it work?

GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the producer’s point and service provider’s point upto the retailer’s level. It is essentially a tax only on value addition at each stage, and a supplier at each stage is permitted to set-off, through a tax credit mechanism. The GST paid on the purchase of goods and services as available for set-off on the GST to be paid on the supply of goods and services. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

What is GST Compliance Rating?

According to the model GST law, refund claims under the GST regime will also be processed on merit basis, i.e on the GST compliance rating of the registered taxpayer. It is expected that certain slabs rates will be maintained for various taxpayers falling under various bandwidths of compliance rating and the refunds will be made in terms of percentage amount based on the individual rating of the taxpayer.
Lets take an example to understand this further. Let’s assume that GST rating will be done on a scale of 1-10, wherein someone rated at 1 is least compliant and a rating of 10 depicts excellent compliance. Now it has been proposed that refunds to a taxpayer will be made in percentage on the basis of these ratings. For example, someone maintaining a rating of 10 will receive 100% of the refund immediately. But another entity having a rating of 8 might get only 80% of his refund claim.

Is GST applicable to my business?

GST regulations are applicable if your annual turnover is Rs. 20 lakh or above. In case of North Eastern states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura) and hilly regions i.e. Himachal Pradesh, Uttarakhand,Jammu & Kashmir and Sikkim,the threshold limit is Rs. 10 lakh.
The registration is mandatory on crossing the limit of Rs.19,00,000( for special category states it is Rs. 9,00,000).
If your turnover includes supply of only those goods/services which are exempt under GST, then registration is not required. While calculating the turnover both taxable and non-taxable goods and services are to be included

Do I need PAN to Apply for GST?

PAN is mandatory to apply for GST registration (except for non-resident who can get GST registration on the basis of other documents)

What are various returns required to be filed under GST?

Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS). In the table below, we have provided details of all the returns which are required to be filed under the GST Law.

Which Central and State taxes are proposed to be subsumed under GST?

The Empowered Committee has recommended that the following Central Taxes should be, to begin with, subsumed under the Goods and Services Tax: - Central Excise Duty - Additional Excise Duties - The Excise Duty levied under the Medicinal and Toiletries Preparation Act - Service Tax - Additional Customs Duty, commonly known as Countervailing Duty (CVD) - Special Additional Duty of Customs - 4% (SAD) - Surcharges, and - Cesses. The following State taxes and levies would be, to begin with, subsumed under GST: - VAT / Sales tax - Entertainment tax (unless it is levied by the local bodies). - Luxury tax - Taxes on lottery, betting and gambling. - State Cesses and Surcharges in so far as they relate to supply of goods and services. - Entry tax not in lieu of Octroi.

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