Gst Software For India, Learn All About 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 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 step towards implementation of GST in India is one of the biggest tax reform in Indirect taxation

The main objective of implementation of this new tax reforms is to remove complexity and also to remove effect of tax cascading.

GST Objectives

    One Country – One Tax

    Uniform registration, payment and Input Credit

    Eliminate the cascading effect of Indirect taxes on single transaction

    Subsume all indirect taxes at Centre and State Level under

    Reduce tax evasion and corruption

    Increase Tax to GDP Ratio and revenue surplusIncrease productivity

Tax Structure of GST

    CGST – Central Goods and Service Tax

    SGST – State Goods and Service Tax

    IGST – Integrated Goods and Service Tax

TAXES TO BE CLUBBED IN GST

Central Taxes

    Excise duty

    Additional Excise duty

    Service Tax

    CVD, SAD

    Surcharge

State Taxes

    VAT

    Entertainment tax levied by states

    Luxury tax

    Tax on Lottery

    Entry tax other than for local Government

Tel: +91-079-27562400 (Multiline) | Email: info@electrocom.in | Website: www.electrocom.in

Gst Software For India, Best Gst Software, Gst Software