About LEARN GST IN GUJARATI - GST RATE FINDER
The General Service Taxation (GST) scheme known as the Goods and Services Tax (GST), India's biggest tax reform in 70 years of independence, was launched at midnight of 30 June 2017 by Prime Minister Narendra Modi.
The App Contains Every Topic stated by Indian Government. The App is very helpful to Learn GST Easily and Quickly. The App covers:
- Read GST Law and GST act in Offline Mode (no internet required)
- Basic information about GST act
- GST act information & Rules
- Advantages of GST act
- Disadvantages of GST act
- How it will work this GST act
- When GSTact will apply
- Status of bill in GST act
- News & law of GST act
The following taxes will be merged together by the GST:
Central Excise Duty
Value Added Tax (VAT)
Central Sales Tax (CST)
Dual GST Model - SGST, CGST, IGST
India will adopt a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state will be levied with Central GST (CGST) by the Central Government and State GST (SGST) by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption-based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in which they were produced. IGST complicates tax collection for State Governments by disabling them to collect the tax owed to them directly from the Central Government. Under the previous system, a state would have to only deal with a single government in order to collect tax revenue.
"Goods and Services Tax" Network (GSTN) is a nonprofit organization formed to create a platform for all the concerned parties i.e. stakeholders, government, taxpayers to collaborate on a single portal. The portal will be accessible to the central government which will track down every transaction on its end while the taxpayers will be having a vast service to return file their taxes and maintain the details.
GST will be levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services.Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.
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Overview of Goods and Services Tax (GST), Levy of and Exemption from Tax, Registration, Meaning and Scope of Supply, Time of Supply, Valuation in GST, GST Payment of Tax, Electronic Commerce, Job Work, Input Tax Credit, Concept of Input Service Distributor in GST, Returns Process and matching of Input Tax Credit, Assessment and Audit, Refunds, Demands and Recovery, Appeals, Review and Revision in GST, Advance Ruling, Settlement Commission (Omitted), Inspection, google tez app, Search, Seizure and Arrest, Offences and Penalties, Prosecution and Compounding, Overview of the IGST Act, Place of Supply of Goods and Service, GSTN and Frontend Business Process on GST Portal, Transitional Provisions
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