Many of you people from the departments of accounts, finance, operations & etc. would have attended some GST awareness courses with several other training providing companies (that are making good profits without any specific experience in the field of GST but gathering generic information through internet and delivering in the only form of theory and text placed on those charming animated slides to gain the interest of the viewer) or with the Custom itself, as for until now. Actually these kind of service providing companies are generally talking about these 4 categories of goods and services;
1. STANDARD RATED
2. 0 RATED
3. EXEMPTED
4. OUT OF SCOPE
Now I would not like to go for the same explanation of these categories as you people have also got enough understanding of these categories. But it is pertinent to mention here that the most of the goods and services are told under certain certain categories as per only their basics but not in detail by generic information providing companies. While these companies claim a very deep and practical knowledge delivered by them. Here I try to explain with a very little example below
Lets take one of the exempted goods from the category of basic necessities. How about 'OIL'? With Custom you will get only this information
*Oil comes under exempted category.
While with our training program you will be equipped with detailed knowledge as below
** Oil is an exempted good, but..
subject to the purchase of only 20 KG packaging. Any oil quantity over 20 KG must be charged with GST. The reason is usage of oil in a month or half a month by any normal sized household family. More than 20 KG usage in a month may indicate towards commercial use.
**Oil is an exempted good, but...
'Corn Oil' is not exempted it is subject to GST standard rated taxable item.
Similarly to this secret categorization of oil there are another 900+ goods & services that require in depth exploration of GST knowledge. Of course, you do not have to go for all of those goods & services' knowledge as you would only need to well understand GST in regards with your business nice and for this we are fully armed to guide you all the way down to the bottom of your business process.
As the time is heading towards eventual implementation of the GST so you really need a smooth and error free transition from current taxation system to the upcoming goods & services tax system. Call our full experienced, active sales& marketing/customer services team to educate you upon the registration matter for our frequent training sessions' series.






