OG Founder & CEO - P...ย โขย 6m
๐จ GST Council Introduces 'Track and Trace' Mechanism ๐จ The GST Council has approved a 'track and trace' system to combat tax evasion in specific industries. Cigarettes and pan masala are expected to be the initial focus of this initiative. Key Highlights: ๐ Unique Identification Marking (UIM): Products will feature UIMs to monitor their movement across the supply chain. ๐ซ Curbing Tax Evasion: Aims to reduce significant revenue losses due to illicit trade, with the tobacco industry losing approximately โน21,000 crore annually. ๐ Global Practices: Aligns with international standards, similar to systems in the EU, UK, and Turkey. ๐ญ Industry Impact: Targets sectors prone to tax evasion, starting with tobacco products. Stay Informed and Compliant! #GST #TaxEvasion #TrackAndTrace #CigaretteIndustry #PanMasala #SupplyChain #Compliance #GovernmentInitiative #TaxCompliance #IllicitTrade #RevenueProtection #TobaccoControl #GSTCouncil #UniqueID #SupplyChainManagement #TaxRegulation
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
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E-Cell, IIT Bombayย โขย 6m
Mehnat ki kamai par moti rakam maangte hue pakadi gyi ๐ ( Caught demanding huge amount for hard earned money) Tax -Treatment of popcorn ๐ฟ The Goods and Services Tax (GST) Council, chaired by the finance minister and including state representative
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Monkey Adsย โขย 19d
๐จ Is Swiggy Overcharging You on GST? Checked my order (ID: 206959509160222) and found troubling gaps: โ Paid: โน124 โ Invoice: โน170.63 โ Discount mismatch: โน130 vs โน71.50 โ GST overcharged: โน8.13 instead of โน5.79 Under Sec 15 of CGST Act, tax must
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A sin tax is an excise tax levied on goods and services like tobacco, alcohol and gambling, which are deemed harmful to people. The tax aims to reduce or eliminate the use of such products by making them more expensive to buy. The government is expec
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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
See MoreIn God We Trust, The...ย โขย 3m
๐ข GST Registration for Companies โ Everything You Need to Know! ๐ Starting a company? One of the first legal steps is getting GST registration! โ It not only gives your business a legal identity but also opens doors to seamless tax compliance, inp
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Traditional businessmen do not want to accept modern ERP system. Who has any idea. Because everybody has to save tax. What everybody does is that they give all the bills and paper bills and He does not add entries to the account.In this way all the G
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