GST (Service Goods Tax) is a PAN-based bread-based value-added tax for the manufacture, sale, and consumption of products throughout India. GST will replace all taxes imposed by the state and central government. The Goods and Services Tax (GST) is not just a tax reform for India, it is a business reform. The government intends to [...]
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GST is a combination of Central and State Taxes and it was introduced to bring one tax system in India, a concept developed by Bharatiya Janta Party (BJP) under the rule of Shri Narendra Modi, the Prime Minister of India. Here in this article, we go through What is GST? Different GST Tax Slabs and GST [...]
The Union Cabinet, chaired by respected Shri Narendra Modi, the Prime Minister of India on Wednesday 23rd January 2019, has approved the creation of the National Bench of Goods and Services Tax Appellate Tribunal. It will be an almost judicial body that will intervene in indirect fiscal conflicts between states and centers. The government declared yesterday [...]
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Goods and service tax much-awaited indirect tax reforms in the Indian history. GST simply refers to “single taxation” system. The main aim of GST is to abolish indirect taxes and only levy tax on Goods and services. Any person who is providing or supplying goods and services are liable to pay GST. 16 years in [...]
