WHAT IS GST BILL OF INDIA?
GST India is a major step to improve tax structures. Goods AND Services Tax is an indirect tax law is. GST on both goods and services, which is a unified feel. GST is implemented nationwide, will be transformed into an integrated market and most of the indirect taxes like Central Excise , service , VAT , entertainment, luxury, lottery tax and GST will be contained. This same type of indirect taxed in India
WHY GST BILL IS IMPORTANT!
India's current tax structure (Tax Structure) is very complex. According to the Constitution the right to tax the sale of goods, mainly the production of goods and services to the government and the central government has the authority to tax. The different kinds applied in the country, making the country's current tax system is very complex. A variety of companies and small businesses to comply with tax laws comes into a difficult.
India's current tax structure (Tax Structure) is very complex. According to the Constitution the right to tax the sale of goods, mainly the production of goods and services to the government and the central government has the authority to tax. The different kinds applied in the country, making the country's current tax system is very complex. A variety of companies and small businesses to comply with tax laws comes into a difficult.
WHAT IS THE BENIFITS OF GST BILL?
GST will integrate only indirect taxes, direct taxes such as income tax, etc. According to the current law of the start.
· GST is applied to the whole of India will be taxed in the same type of indirect goods and services, the cost of which will stabilize
· To maintain the federal structure of the GST to take on two levels - sijiesati (the central object enva service tax) and esajiesati (state object enva service). Sijiesati esajiesati part of the part of the center and the state government from state to state gotta get in the case of the sale of goods and services aijiesati (Integrated Object enva tax) will. The second part is a part of aijiesati kendrasarakara and consumption of goods or services to be received by the state.
· Businessman purchase goods and services on the amount of the GST input credits be able to use the goods and services are sold to pay tax on the amount of the GST credit using the input sakengesijiesati aijiesati and sijiesati the output tax payment, esajiesati the use of credit esajiesati and aijiesati the output tax payments and the use of credit aijiesati aijiesati, sijiesati and esajiesati the output tax payments will be.
· GST under all entrepreneurs, producers or service provider must be registered in a year in which the total sales price is more than a certain value.
· The proposed GST in the business of mainly three different types of tax returns will fill with input tax, output tax and include integrated returns.
· GST is applied to the whole of India will be taxed in the same type of indirect goods and services, the cost of which will stabilize
· To maintain the federal structure of the GST to take on two levels - sijiesati (the central object enva service tax) and esajiesati (state object enva service). Sijiesati esajiesati part of the part of the center and the state government from state to state gotta get in the case of the sale of goods and services aijiesati (Integrated Object enva tax) will. The second part is a part of aijiesati kendrasarakara and consumption of goods or services to be received by the state.
· Businessman purchase goods and services on the amount of the GST input credits be able to use the goods and services are sold to pay tax on the amount of the GST credit using the input sakengesijiesati aijiesati and sijiesati the output tax payment, esajiesati the use of credit esajiesati and aijiesati the output tax payments and the use of credit aijiesati aijiesati, sijiesati and esajiesati the output tax payments will be.
· GST under all entrepreneurs, producers or service provider must be registered in a year in which the total sales price is more than a certain value.
· The proposed GST in the business of mainly three different types of tax returns will fill with input tax, output tax and include integrated returns.
