Both goods and services are crucial parts of an economy that benefit individuals in their daily lives. These ensure an easy flow of lives of citizens, fulfilling their daily needs and desires. Hence, they both come with a cost.
When we talk about goods, we usually refer to tangible items that are designed to make our lives easier. From a pencil to a refrigerator, any product that satisfies our needs and wants is known as a good.
Whereas a service is an immaterial activity that aims to satisfy our requirements and wants. Services can not be seen, felt, or touched as they are performed or executed to fulfill the needs and desires of a customer such as cooking, teaching etc.
What is Goods and Services Tax?
Goods and Services Tax or GST is the single indirect tax introduced by the government of India in 2017. The GST was introduced to facilitate an effective and efficient tax system in India.
What is GST Suvidha Kendra?
GST Suvidha Kendra is a service center introduced under the proclamation of the GST Benefit Providers. It is emerging as one of the top choices for entrepreneurs thinking of building a new start-up.
What are the services provided by a GST Suvidha Kendra?
- A Gst Suvidha Kendra aims to simplify the digital services provided by the government and assist taxpayers with various govt. issued services including insurance, e-citizen queries, pension-related issues, and more.
- A GST Suvidha Kendra also assists taxpayers with various financial and preliminary services such as income tax returns and audits, GST return filing, CA certification, money transfer and more.
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Can anyone file the request for a GST Centre Franchise?
There are certain guidelines and criteria that you must meet to start a GST Suvidha Kendra.
- Applicants must be a citizen of India.
- Applicants must have a graduation degree.
- Applicants must have a basic computer along with commerce and accountancy knowledge.
- Applicants must have identity proof such as an Aadhar Card or PAN.
- Applicants must submit a certificate of registration from an insurance service.
To Conclude
Goods and Services Tax was implemented in India in 2017 as a single tax to facilitate an efficient tax system. However, the lack of knowledge about the tax among citizens led to the formation of the Gst Suvidha Center which aims to simplify the GST filing process for taxpayers.
