ood and services also known as GST is a tax on services and goods. The main objective of GST is to integrate the market into a single one. The state markets are integrated into a single national market with the help of GST. There are two types of GST. First is the one imposed by the state that is known as State goods and services tax or SGST. The other one is the one imposed by the centre it is known as the Central goods and services tax or CGST. The tax paid under SGST goes into the treasuries of the state government while the tax paid under the CGST goes to the central treasuries. Certain government organizations are exempted from the goods and services tax. These include health services, educational services provided by the government colleges and schools, police, intelligence, paramilitary and other government departments. USA company registration
Food articles which are supplied through a public distribution system in their unprocessed state are exempted from goods and services tax. service tax registration is a very simple procedure. For service tax registration one has to visit the website of the central board of excise and customs and follow the steps for registration. SIN goods like tobacco and emission fuels also attract GST.