Goods and Service Tax
Goods and Services Tax (GST) Services
Welcome to ARKC Advisors, where we simplify the complexities of Goods and Services Tax (GST) for businesses and individuals alike. GST represents a landmark shift in India’s indirect taxation system, promising greater simplicity, reduced complexities, and elimination of cascading tax effects. As GST consultants, we are dedicated to helping you navigate this transformative change.
What Is GST?
GST is a comprehensive reform that subsumes all existing indirect taxes, introducing a unified tax structure across the nation. By eliminating inconsistencies in tax rates and ensuring a seamless taxation experience, GST is set to impact both large corporations and small enterprises significantly. Our team at ARKC Advisors. is here to guide you through every step of this transition.
GST Components: SGST, CGST, and IGST
Understanding the components of GST is crucial:
- CGST (Central Goods and Services Tax): Applied on intra-state sales, collected by the central government.
- SGST (State Goods and Services Tax): Also applied on intra-state sales, collected by the state government.
- IGST (Integrated Goods and Services Tax): Applied on inter-state sales, collected by the central government but shared with the state where the goods are consumed