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Ayush saxena

Money is time and mo... • 1y

Here are a few key points about the "one nation, one tax" concept in India. :1.Goods and Services Tax (GST): The "one nation, one tax" refers to the implementation of the Goods and Services Tax (GST) in India. GST is a comprehensive indirect tax that replaced multiple indirect taxes like excise duty, VAT, service tax, etc. 2.Uniform Tax Structure: The goal of "one nation, one tax" is to have a uniform tax structure across the country, replacing the earlier fragmented indirect tax system. This was aimed at creating a common national market and improving ease of doing.

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Ashutosh Mishra

Chartered Accountant • 1y

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

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PRATHAM

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Petrol Should Be under GST or VAT and Excise ⁉️ Ever wonder why filling up your tank feels like emptying your wallet? Because of high taxes Right Now, Tax system on Petrol is more complicated than understanding how AI works. It is under VAT and Ex

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AFFORDABLE TREND

The business should ... • 2m

GST Rates in India 2025 - List of Goods and Service Tax Rates, Slab & Revision https://www.cleartax.in/s/gst-rates

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Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods

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Mahendra Lochhab

Content creator • 10m

HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments ₹27 - Borrowings & other liabilities ₹19 - Income Tax ₹18 - GST & Other Taxes ₹17 - Corporate Tax ₹9 - Non-Tax Receipts ₹5 - Union Excise Duties ₹4 - Cus

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gray man

I'm just a normal gu... • 2m

The Finance Ministry has dismissed reports suggesting that the government is considering imposing Goods and Services Tax (GST) on UPI transactions exceeding INR 2,000. In an official statement, the ministry clarified, “The claims that the government

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mg

News & updates • 1m

AC is Necessity in Dubai But Luxury in India Both Cities Have Similar Heatwaves in May & June Dubai Takes 5% VAT on AC and 0 Income Tax India Charges 28% GST on AC For No Reason

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