External link to What Multiple GST Rates Could Mean For Indian Businesses

What Multiple GST Rates Could Mean For Indian Businesses

The multiple tax structure announced as part of the Goods and Services tax regime that the Indian government intends to implement as of April 1, 2017, may have serious implications on businesses. The GST Council backed by Finance Minister Arun Jaitley has finalized a four-slab tax structure of varied taxes from 5 percent, 12 percent, 18 percent to 28 percent depending on the goods and services […]

External link to Essay on GST

Essay on GST

GST stands for Goods and Services Tax which is an indirect tax levied on the supply of goods and services. It is levied at every step of the production process i.e. on raw materials purchased by the manufacturer, on products sold to wholesaler by the manufacturer, on products sold to retailer by the whole seller and finally on the sale of product to the consumer. […]

External link to Main GST Act

Main GST Act

farming ceased & wool classing became the main (then only) activity? Though not a common law entity in its own right, the partnership is able to register because the GST law specifically defines “entity” to include a partnership, at s 184 of the main GST Act. (For GST purposes, a partnership has the same meaning as it does for income tax purposes. ) An entity […]

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