GST Thread 1
Evolution of GST across the years -
2000 - PM introduced the concept of GST and set up a committee
2006 - Announced by FM that GST to be introduced from 1st April 2010
2014 - Bill introduced in Lok Sabha
2015 - Bill passed in Lok Sa
"GST to be charged on petrol but it can happen only if states agree to put them under GST"
FM Nirmala Sitharama
0 replies4 likes
Deep Kajale
Stealth • 11d
Me: how much for the kurkure?
Shopkeeper: 20 only/-
Me: sent ₹2,021 inr on your scanner!
Shopkeeper: sent ₹2,001 inr back!
Government crying in the corner for 18% GST
If this thing happens then middle class get so much advantages 🤯🤯
Example - Calculation (For Petrol)
Base Price: ₹50 per liter
Dealer Commission: ₹3 per liter
GST (28%): On base price + dealer commission, i.e., 28% of (₹50 + ₹3) = ₹14.84Total P