GST (Goods & Service Tax) is the complete overhaul of corporate taxation in India with its hope of simplifying a number of separate taxation laws active in India including VATs and service tax. GST Bill was officially accepted by President of India on Sep 8, 2016 and following that GST council is working tirelessly to decide on various nitty-gritties of GST. As of Jun 22nd 2017, it is on track to...
GST Bill (Good and Service Tax Bill) is indirect tax system in India that covers manufacture, sale, and consumption of goods as well as all sort of services. This will was in discussion for long and was eventually passed by parliament in India in Aug 2016.
GST (Good and Service Tax) is a landmark bill in India's indirect taxation system. It is going to rolled out in India on July 1, 2017. GST portal is the central portal and website made available to general public to register, upload, and manage their GST obligations.
India's finance minister Arun Jaitely presented union budget on Feb 1, 2017 for financial year 2017-18. Given the upcoming rollout on July 1, 2017, lot of people were looking for updates on GST as part of budget. Here is a quick summary of GST updates mentioned in Budget 2017-2018.
Now-a-days GST related news are there everywhere and especially with India's finance minister Arun Jaitely trying to iron out last remaining differences between center and state on GST finer points and implementation. But what is GST? What's its meaning and relevance to ordinary citizen (aam aadmi), to a businessman, and to a finance professional.
GST full form is Good and Services Tax and its a landmark bill in the history of taxation in India.
GST (Goods and Service Tax) is the landmark tax revamp in India and is going to go live from June 2017. Once live, GST will replace Central excise duty, Service tax, State VAT, Central Sales Tax, Purchase Tax and Luxury tax. Some people have rightly said that it will change the way India does business.
Even though GST will be live in June 2017, GST portal is already up and you can login and ...
GST (Goods and Service tax) is one of the landmark change in indirect taxation in India and once it goes live in 2017, it will impact the way business is conducted in India. As per current details, GST is going to replace Customs Duty, Excise Duty, Central Sales Tax, Service Tax, State VAT, Luxury Tax and many more. To handle such a far reaching system, a great technical infrastructure is required.
GST (Goods and Service Tax India) is a ground breaking indirect tax revamp in India. As per current understanding, GST is going to be effective from June 2017 replacing earlier state-wise VAT and central service tax taxation in India.
From layman perspective, GST India has an huge impact on how companies conduct their business, how they raise invoices, how supply chain works etc. First, the ...
HSN full form is Harmonised System of Nomenclature and it is standardized system of name and codes to classify different products. It is a global coding system used by WCO (World Customs Organization) and a variant of this HSN code is being adopted for GST India (Goods and Service Tax India).
In the GST, HSN codes are proposed to identify products and these HSN codes will need to be mentioned on...