GST Important Points Goods and Service Tax

0

Goods and Service Tax (GST)

ONE NATION – ONE TAX – ONE MARKET

After Independence, the central government initiated the biggest reforms at the whole country level, The Goods and Service Tax (GST) will collect a single tax from Nationals on any product and it scheduled to launch on July 1, 2017. The GST has already approved and completed underground work and ready to impact from July 2017.

GST Benefits:

GST charged/collected an indirect tax of whole nation by preventing all other unwanted taxes.

  • For Business Industry – Easy Compliance 
  • Preventing cascading
  • Clear procedure in tax rates.
  • Gain more profit from Manufacturers and Exports
  • Control of every single rupee.

The Central and state governments have full control leakage of funds and better higher revenue efficiency.

  • Control of Funds leakage
  • Efficient handling every rupee count
  • Clear User Profile data
  • Easy to track tax payors information (Financial and Personal)
  • Monitoring Taxpayers payments
  • Better communication with state, taxpayer, and Central government via electronic transfers.

Join Examdays Telegram

For more details about the Telegram Group, Click the Join Telegram below button.

Join Membership

In case of any doubt regarding Telegram, you can mail us at [email protected].

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.