September 19, 2019

Short Title, extent and commencement

January 10, 2017 0

Short Title, extent and commencement (1) This Act may be called the Central / State Goods and Services Tax Act, 2016. (2) It extends to the whole of India / State’s name. (3) It shall [Read More]

Meaning of Destination based tax under GST

January 7, 2017 0

Destination principle   The Goods and Services Tax structure would follow the destination principle. Accordingly, imports subject to Goods and Services Tax , while exports zero-rated. In the case of inter-state transactions within India, State [Read More]

Benefit of GST

January 7, 2017 1

Benefit of GST The advantages of Goods and Services Tax are: Wider tax base, necessary for lowering tax rates and eliminating classification disputes Elimination of multiplicity of taxes and their cascading effects Rationalization of tax structure and [Read More]

What is GST

January 7, 2017 0

What is GST       “Goods and Service Tax (GST) is a comprehensive tax levy on manufacture, sale and consumption of goods and service at a national level. GST is levied on the supply [Read More]

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