What are the components of GST?
Answers!
Online Digital Signature is also important for GST. Digital Signature Certificate (DSC) has been made mandatory by the Ministry of Corporate Affairs during company registration. In addition, it may also be required by the company directors, designated partners in case of LLP or by professionals like Chartered Accountants or Company Secretaries. After the incorporation, the person authorised is required to apply for DSC else he/she would not be able to file the returns or verify the documents. DSC is also mandatory for filing important government forms like GST, Income tax, etc.
To know more visit here: https://vakilsearch.com/digital-signature
Comment
GST will have 3 tax components, which includes a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST) where centre and state will levy GST on all entities, i.e. when a transaction happens within a state. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre, i.e. when a transaction happens one state to another.
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Online Digital Signature is also important for GST. Digital Signature Certificate (DSC) has been made mandatory by the Ministry of Corporate Affairs during company registration. In addition, it may also be required by the company directors, designated partners in case of LLP or by professionals like Chartered Accountants or Company Secretaries. After the incorporation, the person authorised is required to apply for DSC else he/she would not be able to file the returns or verify the documents. DSC is also mandatory for filing important government forms like GST, Income tax, etc.
To know more visit here: https://vakilsearch.com/digital-signature
Comment
GST will have 3 tax components, which includes a central component (Central Goods and Services Tax or CGST) and a state component (State Goods and Services Tax or SGST) where centre and state will levy GST on all entities, i.e. when a transaction happens within a state. Inter-state transactions will attract the Integrated Goods and Services Tax (IGST), to be levied by the centre, i.e. when a transaction happens one state to another.