GST Registration In Shillong Meghalaya

GST, or Goods and Services Tax, was introduced in India in 2017, replacing the Value Added Tax (VAT) and Service Tax that were previously applicable. VAT was a state-level tax, leading to diverse VAT laws and policies across different states. To promote the principle of “One Nation, One Tax” and foster a healthier democratic framework, the Goods and Services Tax was implemented.

In Shillong, Meghalaya, GST registration has now become essential instead of VAT and Service Tax.

According to Section 9 of the CGST Act, the levy and collection of GST are outlined as follows:

1.Central Goods and Services Tax: A tax known as the Central Goods and Services Tax shall be levied on all intra-State supplies of goods or services, except for the supply of alcoholic liquor for human consumption. This tax will be based on the value determined under Section 15 and will be charged at rates not exceeding twenty percent, as notified by the Government upon the recommendations of the Council. The tax shall be collected in the prescribed manner and will be payable by the taxable person.

2.Tax on Petroleum Products: The central tax on the supply of petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas, and aviation turbine fuel will be levied from a date to be notified by the Government, based on recommendations from the Council.