GST Registration Services
It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages
right from manufacture upto final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition
will be taxed and burden of tax is to be borne by the final consumer.
The tax rates, rules and regulations are governed by the GST Council which consists of the finance minister of central and all the states. GST is meant to replace a slew of indirect taxes with a unified tax and is therefore expected to reshape the country’s 2.4 trillion dollar economy. GST tax rates vary from 0% – 28% depending on the type of service or Nature of Goods Your business is selling.
The tax came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian Government. The tax replaced existing multiple Central and State Government taxes.
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- Basic FSSAI License - Annual turnover below 12 lakhs - Rs.100/- per year
- State FSSAI License - Annual turnover above 12 lakhs and below 20 crores - 2000/- or 5000/- per year
- Central FSSAI License - Annual turnover above 20 crores - 7500/- per year
What are the advantages of obtaining FSSAI License?
- The food business can get several legal benefits
- Creates consumer awareness
- You can use FSSAI logo, which can build a goodwill among the customers.
- Set down science-based principles
- Regulate manufacture, storage, distribution, sale and import of food
- To facilitate food safety
- The research and development sector is responsible to maintain the safety.
- New guidelines are introduced which are compatible with international organization
- Set up evidence proof studies for building policies.
- There is a huge chance of business expansion.
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