GST in India – GST Stands for Goods and Service Tax. It is a value-added tax (VAT) collectively levied on goods and services by the Central and State Governments during purchases and sales. It is an indirect tax imposed on supply of goods and services. It is a multi-stage destination-oriented tax imposed on every value addition, replacing multiple indirect taxes like excise duty, vat, service tax and many more.
GST-in-India
How can I identify fake GST bill and GST number ?
Most of the person complain about the fake GST bill which issued by the few shop keepers, restaurant and other places. All we know very well that GST is applicable in India and only registered shop keeper charge the GST amount from customer only. There are lot of person still confuse about charge the GST. Lot of person take advantage of this confusion and they charge GST amount from customer and also mention them on hardcopy.
12 Important Facts about GST – Goods and Service Tax
Goods and Services Tax (GST) is the country’s largest tax reform since Independence. GST Apply same tax law to the whole country. There are lot of important facts about GST taxation system. the Government has to apply a single taxation system in entire country for all goods and services. After the GST implemented Excise duty, Service tax, Additional custom duty, Special Additional Custom duty, VAT, Sales Tax, Central Sales Tax, Entertainment tax, luxury tax, Counter veiling duty etc taxes will be end.
Pre-GST Products with Old MRP to be Confiscated from October 1
As you know very that three months have passed since GST has been introduced in the country. On behalf of the Government, the discounted sale on the goods (Pre-GST) for the shoppers by putting stickers with the old maximum retail price (MRP) is also going to end from September 30.
Do Not Wait Till Last Date To File GST Returns
As per the latest new the government try to explain to all the businesses that they not to wait till the last day to file GST returns. Still 11 lakh still not yet to completed his registration process. Only Fifty percent registered taxpayers have to paid his taxes on till date.
8 Important Points about the GST in India
GST stands for Goods and Service Tax. From 1st July 2017 GST is applicable in whole country. In this article we have to discuss top 8 important points about the GST in India.