GST SERVICES

The Goods and Services Tax (GST) is a uniform indirect tax levied on goods and services across the country. GST, as an umbrella tax, will replace central taxes like central excise, service tax, additional duties of excise & customs, special additional duty of customs, besides cesses and surcharges, on supply of goods and services.

GST in simple terms means a uniform tax that will be implemented across the nation
Goods and Service Tax will replace all the indirect taxes that are levied by Central and State Governments
The panel has recommended that for goods that are meant for the poor, 12% GST can be levied

SERVICE

WHAT WE DO?

01. Registration

Get GST Registration hessel free with complete Counseling

02. RETURN FILLING

File your GST Return with Monitrix with professional Consultancy laboris.

03. COMPLIANCE

We complete your GST related Compliance with upto Date Reporting

04. MIGRATION

Migrate your Existing registration in GSTIN with our expereienced Professionals

05. INVOICING

Get Invoicing facility with our MoniBook Web Application

06. BOOK KEEPING

We provide Bookkeeping serbice with experienced Accountant

2987 +

Individual Investors

2280 +

Brokerage Accounts

4764 +

Commissionable Trades

5100 +

Customer Assets

FOCUS

HISTORY OF GST

Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments

The single GST(goods and service taxes) replaced several former taxes and levies which included: central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi. Other levies which were applicable on inter-state transportation of goods have also been done away with in GST regime

HSN (Harmonized System of Nomenclature) is an 8-digit code for identifying the applicable rate of GST on different products as per CGST rules. If a company has turnover up to RS. 1.5 Crore in preceding financial year then they need not to mention HSN code while supplying goods on invoices, if a company has turnover more than 1.5 Cr but up to 5 Cr then they need to mention 2 digit HSN code while supplying goods on invoices and if turnover cross 5 Cr then they shall mention 4 digit HSN code on invoices.

The GST is imposed at variable rates on variable items. The rate of GST is 2.5% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than Rs. 100 and 28% GST on tickets costing more than Rs.100 and 5% on readymade clothes. The rate on under-construction property booking is 12%. Some industries and products were exempted by the government and remain untaxed under GST, such as dairy products, products of milling industries, fresh vegetables & fruits, meat products, and other groceries and necessities

STR

GST STRUCTURE

GST will have four slabs of indirect taxation: 5%, 12%, 18% and 28%, with goods and services attracting any of these slab percentages depending on various factors such as being a luxury good/service. The current indirect tax structure will give way to a Dual GST model, with the Centre and States simultaneously levying GST on a common tax base

CENTRAL GST BILL (CGST)

For intra-state transactions related to supply of goods and/or services, levied by the Center

STATE/UNION TERRORITY GST BILL (SGST or UTGST)

For the supply of goods and/or services in the States and Union Territories, levied by the States/Union Territories.

INTEGRATED GST BILL (IGST)

For inter-state transactions and imports related to supply of goods and/or services, carried out by the Centre.

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PARVEEN CHOUDHARY

CEO HNYKS

Up to date it has been a pleasure working with Monitrix Corporate service After 4 problematic years we finally found Monitrix. Up to date it has been a pleasure working with Monitrix

RAJESH KUMAR

This is a quick, effective team that really cares for their clients success.Monitrix transformed our Business into a vital part of our sales efforts, then tailored a real time bookkeeping, which has doubled our presentation from a year ago.

Naresh Kumar

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