Money is time and mo...ย โขย 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.
Chartered Accountantย โขย 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
See MoreThe business should ...ย โขย 11m
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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Hey I am on Medialย โขย 9m
One Tax Policy: A New Era of Taxation in India? What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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Faad Networkย โขย 1m
Why are the latest GST reforms being rightly called the Next Gen GST reforms for Startups and MSMEs? Here's why. โฌ๏ธ In 2017, the government rolled multiple taxes (excise, VAT, service tax, entry tax, etc.) on differentiated products into "One Natio
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Hey I am on Medialย โขย 1y
During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India. A video of Sitharaman facing criticism from a stock market broker has gone viral.
See MoreContent creatorย โขย 1y
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments โน27 - Borrowings & other liabilities โน19 - Income Tax โน18 - GST & Other Taxes โน17 - Corporate Tax โน9 - Non-Tax Receipts โน5 - Union Excise Duties โน4 - Cus
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