Positive Aspects of GST

  • Post By Admin on 15 September, 2017

  • GST is a single taxation system that will reduce the number of indirect taxes. From now, a single taxation term would cover all of those indirect taxes.
  • The Prices of products and services would reduce , thus this system…...

Negative Aspects of GST

  • Post By Admin on 15 September, 2017

  • According to many economists, the introduction of GST in the country would impact real estate market. This would increase new home buying price by 8% and reduce buyers’ market by 12%.
  • GST levied by the government…...

10 popular cars become costly

  • Post By Admin on 01 September, 2017

Sport Utility Vechicles, mid-sized, large, and luxury cars will cost more as the GST (Goods and Services Tax) Council has approved a proposal to hike cess on them to 25% from 15%. Under the new GST regime, these cars attract the top tax rate of 28%. On top of this, a cess of 1-15% is levied on them…...

Latest GST news Luxury cars will become more costly

  • Post By Admin on 31 August, 2017

Sport Utility Vechicles, mid-sized, large, and luxury cars will cost more as the GST (Goods and Services Tax) Council has approved a proposal to hike cess on them to 25% from 15%. Under the new GST regime, these cars attract the top tax rate of 28%. On top of this, a cess of 1-15% is levied on them…...

GST What Become Cheaper

  • Post By Admin on 20 July, 2017

GST: What Become Cheaper ?

In terms of goods, where an exemption/ lower rate is prescribed for essential goods, GST is expected to marginally better the house economics as a whole. Further, under the GST regime, depending…...

GST what become costly

  • Post By Admin on 19 July, 2017

GST:What Become Costly?

A commoner should, at least till the time the service industries do not pass on the benefit of increased credits, budget for some increased pocket pricking on some necessary services like:

Challenges for Success GST in India

  • Post By Admin on 13 July, 2017

There can be no gain without pain and that may be especially true when it comes to taxes. As about 160 countries overhauled their indirect tax systems, they confronted numerous challenges.…...

GST Tax Structure for electronic items

  • Post By Admin on 13 July, 2017

Currently, the average VAT rate on most of the household appliances is charged around 11-12.5% in most of the states. Excise duty is charged at the rate of 12.5% on the household electronic appliances. An average total tax at the rate of around 25-26% on such goods…...

GST Registration process

  • Post By Admin on 13 July, 2017

Step by step process to register for GST, let’s have look

1.…...

GST Rates

  • Post By Admin on 13 July, 2017

The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of companies. The government has kept a large number of items under 18% tax slab. The government categorised 1211 items under various tax slabs. Here is a…...

Effects of GST

  • Post By Admin on 12 July, 2017

GST effects on Pharma and healthcare

Pharmaceutical products will see 12% GST as against…...

GST on Food Items

  • Post By Admin on 12 July, 2017

No tax (0 per cent GST)

Unpacked food grains, fresh vegetables and fruits, unbranded atta, maida, besan, gur, milk, eggs, curd, lassi, unpacked paneer, unbranded natural honey, palmyra jaggery, salt, fresh meat, fish,…...

GST On Vehicle

  • Post By Admin on 12 July, 2017

The automobile industry in India is one of the largest automotive markets in the world. The industry contributes around 7 % of the country's Gross Domestic Product (GDP). In past, the Government of India has taken various measures and initiatives to promote and to ensure the growth potential in this…...

Why GST

  • Post By Admin on 11 July, 2017

The Current Indirect tax regime is quite complex.  Central and State Governments levy a large number of taxes such as Central Excise duty, Service Tax, VAT, Purchase Tax, Central Sales Tax, Entry Tax, Local Body Taxes, etc.

...

Advantages of GST

  • Post By Admin on 11 July, 2017

Amidst economic crisis across the globe, India has posed a beacon of hope with ambitious growth targets, supported by a bunch of strategic undertakings such as the Make in India and Digital India campaigns. The Goods and Services Tax (GST) is another such undertaking that is expected to provide the…...

What is GST ?

  • Post By Admin on 06 July, 2017

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will…...