GST and Credits
GST stands for Goods and Services Tax. GST will be a single
destination based consumption tax that will replace existing
taxes, including CENVAT, Octroi, Sales Tax, and Excise Duty,
etc. Unlike the old tax structure, where the state of origin
received tax revenue, in the new GST model the state in which
goods and services are consumed is the state that will receive
GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. 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.
All our Customers who want to avail input credit as per GST Act are requested to provide their GST registration number along with copy of GST registration acknowledgement to incharge of the Branch.
News and Events
100 Days special Deposit Scheme at 9.50% Interest Rate.
Customer Who want to avail GST credit as per GST Act Click here
We are a diverse community of more than 53,000 people, and together, we can solve any-thing.