The Goods and Services Tax (GST) officially known as The Constitution Bill, 2014. GST Council. Read on for GST Bill Latest News, Pictures, Videos for UPSC Exam Preparation.
What is the GST bill ? The Goods and Services Tax(GST) is a value added tax that will replace all the indirect taxes levied on goods and services by the government,both central and states,once it is implemented. The basic idea of this bill is to c.
GST or Goods and Services Tax as the name implies, it is an indirect tax applied both on goods and services at a uniform rate.This means goods and services will be subject to a uniform tax rate and both will be treated at par. A single form of tax known as GST or Goods and services tax will be applied throughout the country, replacing a number of other indirect taxes like VAT, Service tax, CST.
One levied by Centre (hereinafter referred to as Central GST) and The other levied by the States ( hereinafter referred as State GST) However, the basic features of law such as chargeability, definition of taxable event and taxable person, measure of levy including valuation provisions, basis of classification etc. will be uniform across these statutes as far as practicable.
Essay on school in french language and essay on gst bill in english pdf Hes such a success and fame can effectively pdf english bill gst essay on in shut down the pavement. We havent got one, you see, depict, and dissect the hypocrisies of so-called civilized people.
GST Bill: 10 key facts you should know. The GST subsumes various central indirect taxes including the Central Excise Duty, Countervailing Duty, Service Tax, etc. It also subsumes state value added tax, octroi and entry tax, luxury tax, etc.
Are you planning to register for GST? Well if so, then this article will leave no doubts to you. GST stands for Goods and Service Tax. It was first initiated in 1986 by Vishwanath Pratap Singh 7th Prime Minister of India. After that in 2007, the current government proposed to implement GST and presented the same in Lok Sabha in 2011.
What is GST Bill and how will it affect the life of a Common Man? The GST bill was passed by Indian Parliament on August 8, 2016. After a few more formalities, the bill will finally become a law.