OG Founder & CEO - P...ย โขย 10m
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
Lead Data Analyst @ ...ย โขย 2m
๐จ Breaking News: Major GST Overhaul Announced! ๐จ The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! ๐น New slabs: 5% & 18% standard rates ๐น Heavy sin goods now taxed at 40% This means
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Lead Data Analyst @ ...ย โขย 2m
๐จ Breaking News: Major GST Overhaul Announced! The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! ๐น New slabs: 5% & 18% standard rates ๐น Heavy sin goods now taxed at 40% This means s
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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 10m
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 4m
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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