What is Goods and Services Tax?

GST stands for "Goods and Services Tax", and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.

CGST vs SGST vs IGST

GST is a consumption-based, which means that the tax is to be collected by the state in which the goods or services were consumed, not where they were manufactured. However, the bulk of GST will be with the central government, as its three components make clear.

Central GST

Central GST is the component of GST that will be levied by the central government on all items, both goods and services. It only applies to intra-state trade.

State GST

State GST is the component of GST that will be levied by the state government on all items, both goods and services. It only applies to intra-state trade.

Integrated GST

Integrated GST is the component of GST that will be levied by the central government in case of inter-state trade. It is applicable on all items, both goods and services.

Advantages

  • Attract Investors and FDI
  • Flexibility & Easy Expansion for better growth
  • Separate Legal Entity
  • Infinite Existence
  • Gain Confident in Brand Promotions & Branding

Required Documents

  • Require Documents Address & ID proof of all Directors,
    1. Mandatory – PAN Card
    2. ID Proof – Voters Identity Card / Driving License / Passport / Aadhar Card
    3. Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill
  • Address Proof of registered office – Address proof of proposed registered office for registration of company.

Process

  • Initial level discussion between the Promoters and FirstMan Team.
  • Ascertaining documents required and availability.
  • Preparation and signing of documents.
  • Getting DSC [DIGITAL SIGNATURE CERTIFICATE] for all Directors.
  • Getting DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors.
  • Preparing MOA and AOA.
  • SPICe(INC-32) Filing i.e. Incorporation of the company.
  • Company PAN & TAN.

2000+

Happy Customers
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