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GST is a multi-stage tax system which is comprehensive in nature and applied on the sale of goods and services. The main aim of this taxation system is to curb the cascading effect of other Indirect taxes and it is applicable throughout India.
We are providing best basic computer course in jalandhar. GST stands for Goods and Services Tax. It is an Indirect tax which introduced to replacing a host of other Indirect taxes such as value added tax, service tax, purchase tax, excise duty, and so on. GST levied on the supply of certain goods and services in India. It is one tax that is applicable all over India. GST went live in 2016, and the amended model GST law passed in both the house.
Course Content
- Manufacturer
- Service Provider
- Retailer
- Consumer
- Central Goods and Services Tax
- State Goods and Services Tax
Note: By learning gst you will become Front Office Executive, Computer Operator, Reception Worker.
The main motive of GST is to reduce the cascading effect of tax on the cost of goods and services and create a common, cooperative and undivided Indian market to make economy stronger and powerful. So the GST system will combine Central excise duty, additional excise duty, service tax, State VAT entertainment tax etc.
Goods and Services Tax GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services.Goods and services are included under a single domestic indirect taxation law for the whole of India. In this regime, tax is charged at each point of sale
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.
Vajpayee set up a committee headed by the Finance Minister of West Bengal, Asim Dasgupta to design a GST model. The Asim Dasgupta committee which was also tasked with putting in place the back-end technology and logistics (later came to be known as the GST Network, or GSTN, in 2015).
Notable features of dual GST model GST has two components – one levied by the Centre (called the Central GST) and the other imposed by states (called the State GST). Central GST and the state GST would apply to all supplies of goods and services.
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Jonathan Smith
cici inc.
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