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  #1  
Old 06-08-2017, 02:20 AM
eonline24news eonline24news is offline
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Question What is GST ?

What is GST ?
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  #2  
Old 08-12-2017, 06:19 AM
kirtimeliwal kirtimeliwal is offline
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Default Re: What is GST ?

Recently our government initiated a new tax system called GST. Full form of GST is Goods and Service tax which was imposed with the purpose to replace all the indirect tax like VAT, custom, excise etc. GST is levied by both central and state government. There are different rates of GST in different item starting with 5% to 12%,18% and 28%.
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Old 08-14-2017, 04:53 AM
divi divi is offline
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Default Re: What is GST ?

Even in UAE, VAT is introduced which will be imposed from Jan 2018. Waiting for the impact it is going to create here. https://goo.gl/o9ARwT see this about the latest updates on the what firms it will be imposed.
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Old 08-17-2017, 06:01 AM
PriyaSharma02 PriyaSharma02 is offline
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Default Re: What is GST ?

Many thanks for the information
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Old 09-06-2017, 09:37 AM
companyformation companyformation is offline
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Default Re: What is GST ?

Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments.

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Old 09-07-2017, 02:29 AM
g_nicks g_nicks is offline
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Default Re: What is GST ?

Goods and Service Tax (GST) is an indirect tax which the Government of India is planning to levy on all goods and services apart from those exempted by the GST law.The GST taxation laws will put an end to multiple taxes like excise, CST, VAT, service tax which are levied on different products, starting from the source of manufacturing, till reaching the end consumer.It will also stop distinguishing a good from a service and will tax both equally. The GST is a dual taxation proposed regime, where the only two components will be Central GST (CGST) and State GST (SGST). Under such nomenclature the total amount of GST for any goods or service will be distributed in both State and Central exchequers.
For consumers GST will help bringing in the following benefits–

Uniformity in Computing Taxes for Goods and Service-
GST will lead to the elimination of multiple excise, CST, VAT, service tax calculations.
Uniform Tax Regime-
For both goods and services and less confusion in determining what constitutes a good or what is a service.
Elimination of Double Taxation-
Double taxation means the consumer pays tax on an item, on which already government has collected tax from the manufacturer under some other head.
More Transparent Pricing-
Currently hidden taxes actually push up the taxes on a majority of goods to anywhere in the 27% to 32% range. But with GST coming in, the % tax number is proposed to be much lesser - however the number has not been finalized yet.
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Old 09-19-2017, 02:44 AM
neeraj01 neeraj01 is offline
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Default Re: What is GST ?

Goods and services tax (GST) is an indirect tax which was introduced in India on 1 july and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments.
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  #8  
Old 09-26-2017, 04:40 PM
Vasu Dev Vasu Dev is offline
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Default Re: What is GST ?

GST: Goods and Service tax. for every country GST rate are different. it is define by related nation's governments. All citizens of those countries have to follow GSD tax system.
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