Showing posts with the label GST FAQShow all
What is Goods and Service Tax (GST)?
It is a destination based tax on consumption of goods and services. It is proposed to be lev…
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How a particular transaction of goods and services would be taxed simultaneously under Central GST (CGST) and State GST (SGST)?
The Central GST and the State GST would be levied simultaneously on every transaction of supply…
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What would be the role of GST Council?
A GST Council would be constituted comprising them Union Finance Minister (who will be the Chairm…
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Who will decide rates for levy of GST?
The CGST and SGST would be levied at rates to be jointly decided by the Centre and States. The …
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What are the benefits which the Country will accrue from GST?
Introduction of GST would be a very significant step in the field of indirect tax reforms in Ind…
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What is IGST?
Under the GST regime, an Integrated GST (IGST) would be levied and collected by the Centre on in…
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