Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Placements & Empanelment »
Open DEMAT Account in 24 hrs
 30 LPA Opening Manager Finance & Accounts
 20 LPA Opening Senior Manager- Finance & Accounts
 30 LPA Opening Chief Manager/Associate Vice President - Taxation
 2 Cr LPA Opening Taxation Controller
 1.Cr LPA Opening Group Head Strategic Finance
 1.25 Cr LPA Opening Chief Financial Officer
 45 LPA Opening Indirect Taxation Specialist AGM/DGM Level
 30 LPA Opening Deputy General Manager
 30 LPA Opening Finance Consulting
 35 LPA Opening Manager Finance and Accounts Taxation Service Industry CA
 25 LPA Opening Senior Accounts Manager

What is Goods and Service Tax (GST) and which are the commodities proposed to be kept outside the purview of GST?
May, 10th 2017

It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer. Alcohol for human consumption, Petroleum Products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel& Electricity.

It would be a dual GST with the Centre and States simultaneously levying it on a common tax base. The GST to be levied by the Centre on intra-State supply of goods and / or services would be called the Central GST (CGST) and that to be levied by the States would be called the State GST (SGST). Similarly Integrated GST (IGST) will be levied and administered by Centre on every inter-state supply of goods and services.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting