Friday, 9 September 2016

DOWNLOAD E-BOOK ON ALL YOU NEED TO KNOW ABOUT GST

*What is GST?*
‘G’ – Goods
‘S’ – Services
‘T’ – Tax

“Goods and Service Tax (GST) is a comprehensive tax levy on *manufacture, sale and consumption of goods and service* at a National level.

- It is a Destination base consumption tax. I.e Tax will be collected & Retained by that state in which Goods/Services are consumed.

- GST is a tax on goods and services with value addition at each stage having comprehensive and continuous chain of set-of benefits from the producer’s/ service provider’s point up to the retailer’s level where only the final consumer should bear the tax.”

- The 122nd Constitution Amendment Bill (‘Bill’) that will enable the introduction of Goods and Services Tax (GST), was passed in the Lok Sabha on 12 May 2015 and passed in Rajya Sabha on 3rd August, 2016.

DOWNLOAD the file in pdf format from below on "ALL YOU NEED TO KNOW ABOUT GST" in Summarised Way prepared by Us which will help you in Understanding the Concept of GST Model Law n its Applicable Provisions