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Showing posts from October, 2017

What is GST (Goods & Service Tax)? What is the benefit of GST?

GST is an indirect tax . Whose name is " Goods and Service Tax ". Indirect Tax is the one which is given on the goods or services sold by us or on the construction of it, similarly (G.S.T.) G.T.T. There is also an indirect tax. (G.S.T.) G.T.T. June 30 will be applicable to all India from 12 a.m. (G.S.T.) G.T.T. 4% of 5% 12% 18% 28%. Central Excise) National Excise   (Service Tax) Service Tax   (Vat / Sales Tax) VAT / Sales Tax   (Entertainment Tax) Entertainment Tax ---- (G.S.T.) Goods and Services Tax   Luxury Tax Luxury Tax   Lottery Tax   (Octroi tax) tax   Entry Tax Entrance Fee   (Purchase Tax) Purchase Fee Used such indirect taxes. Now all of these are indirect tax (Indirect Taxes), an indirect tax (G.S.T.). s. T. All India will be applicable in the year. As you know, our country has 29 states and 7 union territories. Due to this there are so many indirect taxes, the taxes are also levied by the States....