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GST Council Sets New Tax Rates for Products and Services

GST Council Sets New Tax Rates for Products and Services

In its most recent meeting at Srinagar, the Goods and Services Tax (GST) Council of India set the rates for the new tax structure that is expected to roll out from July 1. The meeting was attended by representatives from Indian Government as well as the state governments. At the meeting the rates for various products were decided as well and it is expected that as a result of this the prices of several products and services would come down too. Happily enough, most of these products are used for the purpose of mass consumption. The idea behind the entire effort is to make sure that GST taxes do not have an inflationary effect.

Rates finalized

The council finalized the rates of 1211 items. 81% of these were subjected to the second-highest levy of 18%. As the council stated to the media no increased burden was put on the commodities. In fact, as far as a number of commodities are concerned, the tax rates have reduced significantly and it is expected that the additional taxes imposed on regular taxes will go away as well. This would in the end serve to lower the financial burden associated with those goods and services as well.

What is the government thinking?

The government hopes that by bringing into play the GST it would be able to check ills such as evasion and also make tax collection a much-more buoyant process. As per Mr Arun Jaitley, the Union Finance Minister of India, the council has opted to reduce the tax incidence on products of daily use such as sugar, tea, coffee, sweets and some other consumer durables too. However, it has opted to make sure that cars remained as expensive as before. Bikes, whose engine capacity is greater than 350 cc, are seen as luxury goods and as such they have been levied with a new cess of 3%.


Exemptions have been granted to products such as food grains. This is expected to make it easier for the common people since now thanks to various levies they have to pay an additional 5% on these goods. As per Hasmukh Adhia, the Union Revenue Secretary, automobiles will be subject to a tax rate of 28%. An extra cess of 15% will be imposed on luxury cars. In the same way, the small cars that run on petrol will be facing a cess of 1% and the small cars that are powered by diesel the cess will be 3%.

Reduction in tax incidence

In case of certain goods such as hair oil, soaps, and toothpaste, the rate of tax incidence has come down to 18% from around 28%. The tax incidence on coal has also been reduced to 5% from 11.69% and this is expected to reduce the cost of power. Refrigerators and washing machines are also going to become less expensive as well. The tax rates on these have come down to 28% from 31-32%. Instant coffee and tea are expected to be put in a different bracket as well.

What are the Steps to Setup a New Startup Company in Bangalore?

What are the Steps to Setup a New Startup Company in Bangalore?

One of the first things that you need to do in order to start a startup in Bangalore is get your ideas assessed by a venture capital firm. However, you need to do this only when you are looking for a business model that is based on funding. If you wish to work on your own you can get in touch with groups such as Startup Studios and use their services to carry out their ideas. Apart from that, there are companies in Bangalore that help startups. They can help you create your company. They can help you conceive an idea and then produce it.

The Best Part Of It All

Company registration in Bangalore has become pretty easy. The best part of all this is that you do not have to resign from your job even as your company is being formed. Normally the whole process needs around a year to be completed. These companies help you in the initial stages to assess how viable your business idea is. They define the criteria for achieving success with your concept in markets within India as well as outside. They also explore avenues for making your idea successful from the point of view of e-commerce.

Getting Started

You should know how to register a company.  These companies, in a nutshell, help you get off the ground. With the help of these companies it is indeed possible to get to a stage where your idea can start to become profitable at the market stage. At this stage you can easily resign from your present position and start with your company. All this while, you can also keep funding your startup in a passive manner from the salary that you are earning from your present job.

The Benefits

You can register a company in Bangalore quite easily these days.  The benefit of such services is that you can plan your future – from the time that you start conceptualizing till the point when you take the company over from the startup assistance firms. As far as ideation for a startup in Bangalore is concerned there are a few things that you need to keep in mind. First of all, there are already plenty of such entities in the Garden City. This means that you already have plenty of competition. So, what should you do in order to ensure that you get off to a good start?

The Ideation Process

For starters, you need to find an area that is still virgin territory. Think of a problem that people have and one that is yet to be solved. Try focusing your energies in those areas. There are some simpler ways of getting started as well. You can always start with what you have. In this day and age if you are waiting you are basically wasting your time. There will never be a time when everything would be perfect. Successful people always act quickly while ones who fail are always busy deliberating. You should know the procedure to register a company in Bangalore Karnataka.


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Registrar of Companies (ROC) in India BusinessWindo

Registrar of Companies (ROC) in India  BusinessWindo

The Registrar of Companies (ROC) is the offices under the Ministry of Corporate Affairs in India situated in different States and Union Territories has power to primary duty of registering companies like private, public, one person, Nidhi companies, NGO and Limited Liability Partnerships (LLP) into their respective states and union territories registrar office. Registrar of Companies (ROC) offices are setup under Section 609 of the companies act, 1956 and 2013. The functions of ROC is to maintain the company registration records, financial details, company status, collect fees and offers to access specific details of the companies at a prescribed fee.

The registrar of company takes look after your company registration or company incorporation in India and deals with reporting and regulation of companies and their directors and shareholders. These offices supervise the government announcement in various interests including the annul filing of various documents.

Address and Contact Details of Registrar of Companies (ROC) in India



Sh. N. Krishnamoorty (ROC Hyderabad)

2ND Floor, Corporate Bhawan,

GSI Post, Tattiannaram Nagole, Bandlaguda

Hyderabad - 500 068

Phone: 040-29805427/29803827/29801927

Fax: 040-29803727



Shri. Chandan Kumar (ROC Shillong)

Morello Building ,

Ground Floor

Shillong - 793001

Phone: 0364-2504093



Sh. U.S Patole (ROC Patna)

Maurya Lok Complex, Block A

Western Wing, 4th Floor,

Dak Banglow Road

Patna - 800001

Phone: 0612-222172

Fax: 0612-222172


Sh. C.M. Karl Marx (ROC Ranchi)

House No-239 , Road No-4

Magistrate Colony, Doranda

Ranchi: 834002, Jharkhand

Phone: 0651-2482811/2480801



Sh. R.K. Sahu (ROC cum OL for Bilaspur )

Ist Floor,

Ashok Pingley Bhawan,

Municipal Corporation,

Nehru Chowk, Bilaspur- 495001


Phone: (07752)-250092(D),250094

Fax: (07752)- 250093



Sh. Rakesh Kumar Tiwari(ROC Delhi)

A) 4th Floor, IFCI Tower,

61, Nehru Place,

New Delhi - 110019

Phone: 011-26235707, 26235708, 26235709

Fax: 011-26235702


For Physical Verification of Documents:

B) Plot No. 6,7 & 8,Basement,

IICA Campus, Sector-5, IMT-Manesar,

Gurgaon, Haryana

Phone : 124-2291520



Sh. V. P. Katkar (ROC Goa)

Company Law Bhawan

EDC Comlex, Plot No. 21

Patto, Panaji, Goa-403 001

Phone/Fax(Off) 0832-2438617 / 2438618



Sh. Vijay Khubchandani (ROC Ahmedabad)

ROC Bhavan , Opp Rupal Park Society,

Behind Ankur Bus Stop,

Naranpura, Ahmedabad-380013

Phone: 079-27437597,

Fax 079-27438371



Sh. O.P. Sharma (ROC cum OL J&K)

Hall No.405-408,

South Block, Bahu Plaza,

Rail Head Complex,

Jammu - 180012

Phone: 0191-2470306

Fax: 0191-2470306



Sh. M. JayaKumar (ROC Bangalore)

'E' Wing, 2nd Floor

Kendriya Sadana

Kormangala, Banglore-560034

Phone: 080-25633105 (Direct),


Fax: 080-25538531



Sh. A Sehar Ponraj (ROC Ernakulam)

Company Law Bhawan, BMC Road


Kochi - 682021

Phone: 0484-2423749/2421489

Fax: 0484-2422327



Sh. J.N. Tikku (ROC Gwalior )

3rd Floor, 'A' Block, Sanjay Complex

Jayendra Ganj, Gwalior

Phone: 0751-2321907

Fax: 0751-2331853



A) Mumbai

Sh. S.P Kumar (ROC Mumbai)

100, Everest,

Marine Drive

Mumbai - 400002.

Phone: 022-22812627/22020295/22846954

Fax: 022-22811977


B) Pune

Smt. Vijaya Khandare(ROC Pune)

Registrar of Companies

PMT Building ,

Pune Stock Exchange,

3rd Floor, Deccan Gymkhana,


Phone: 020-25521376

Fax: 020-25530042



Sh. A.K. Mahapatra (ROC Cuttack)

Corporate Bhawan, 3rd Floor,

Plot No. 9 (P), Sector : 1,

CDA, Cuttack : 753014

Phone: 0671-2365361, 2366958, 2366952,

Fax: 0671-2305361



Ms. S.R. Radhika (ROC Puducherry)

No. 35 First Floor

Elango Nagar

Puducherry - 605011

Phone: 0413-2240129



Sh. Santosh Kumar (ROC Chandigarh )

Corporate bhawan, Plot No.4 B,

Sector 27 B, Madhya Marg,

Chandigarh - 160019

Phone: 0172-2639415,2639416

Fax: 0172-2639416



Sh. Sanjay Kumar Gupta (ROC Jaipur)

Corporate Bhawan

G/6-7, Second Floor, Residency Area

Civil Lines, Jaipur-302001

Phone: 0141-2222465,2222466

Fax: 0141-2222464



Shri Sridhar Parmarthi

A) Chennai

Block No.6, B Wing 2nd Floor

Shastri Bhawan 26,

Haddows Road,

Chennai - 600034

Phone: 044-28270071

Fax: 044-28234298


B) Coimbatore

Sh. N.Ramanathan (ROC Coimbatore)

Registrar of Companies

Stock Exchange Building, II-Floor,

683, Trichy Road, Singanallur,

Coimbatore - 641 005


Phone: (0422) - 2318170 (D), 2318089, 2319640

Fax: (0422) - 2318089



Sh. Puneet Duggal (ROC Kanpur & Nainital)

37/17, Westcottt Buidling,

The Mall,


Phone: 0512-2310443, 2310227, 2310323



Sh. B. Mohanty (ROC Kolkata)

Nizam Palace

2nd MSO Building

2nd Floor, 234/4, A.J.C.B. Road

Kolkata - 700020

Phone: 033-2287 7390

Fax 033-22903795