gst mechanism & structure

GST MECHANISM & STRUCTURE

The dual governance structure in India makes the current taxation system very complicated in States as well as in  Central. This tax cascading effect at different levels compels the taxpayer to pay tax after tax. Government has tried and brought few changes in the system since long , but failed to minimize the complexity and[…]

Salient Features of GST

The Goods and Services Tax (GST) is a Value Added Tax (VAT) to be implemented in India, from April 2016.GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. While there is so much[…]

What is GST

The Goods and Service Tax (GST) is a Value Added Tax (VAT) to be implemented in India, from April 2016.GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. Some of the highlights of[…]