What Is GST ?

    30th Dec 2016
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    GST Means      Goods and Service tax

    Objective - Simplify and unify the indirect tax regime in country and promote easy compliance.

    - Gst is already Present in 140+ country in world

    - It was first use in France in 1954

    Two types of Gst in India

    1. central Gst

    2. state Gst

    Central Gst Replace all central Indirect Tax

    Service tax

    Central excise Duty

    Surcharge, Education Cess, SHEC

    CVD

    ADC- additional duty of custom

    State GST Replace all State Indirect Tax

    VAT, Sales tax

    Purchase Tax

    Entertainment Tax

    Luxury Tax

    Lottery Tax

    Few Tax Not Cover In GST

    Stamp Duty

    Alcohol

    Customs

    Petroleum

    Electricity Tax

    This tax apply on consumption Site and not in manufacturing site

    www.gstapply.com

    7827804617

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