WHAT IS GST (GOODS AND SERVICES TAX)
GST or Goods and Services Tax is a single tax on the supply of goods and services, right from the manufacturer to the consumer. It is a mandatory tax levy on manufacture, sale and consumption of goods and service at a national level under which no distinction is made between goods and services for levying of tax.
Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. 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. Services under GST
The main expectation from this system is to abolish all indirect taxes and only GST would be levied. As the name suggests, the GST will be levied both on Goods and Services.
GST is a tax that we need to pay on supply of goods & services. Any person, who is providing or supplying goods and services, is liable to charge GST.
How MPC Helps
We are providing the following services:
- GST Registration
- GST Return Filling
- Comprehensive Services under GST
- Accounting and Advisory Services under GST