What is proposed GST's impact on Government Revenue? What
is the proposed Tax rate? What is the proposed Tax
Structure (Central GST and State GST) ? Whether it is
good/bad to Govt./Consumers/manufacturers?
- 3 Answers
- 6908 Views
- L&T, RTU, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / tax beginner
GST is to be implemented from 01-April-2011 and not 2010
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / h.r. sreepada bhagi
The Central Government of India has proposed to implement
GST w.e.f. April,2010. One needs to wait till the law is
enacted and implemented to know the details and it needs a
year or two there after to assess the implication on various
business sectors and Central & State Governments.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / atul nema
A. The Government revenue will boost with proposed GST
model of Indirect taxation.
B.There are four basic Structure, i.e;
(i) Exepmted Goods
(ii)Zero Rate Commodity
(iii)Standard Rate @4%
(iV) Residuary Rate @8%
Also one hidden Tax rate would be proposed for precious
metal and stone and the rate would be @1%
This tax structure would be for SGST n CGST but Interstate
supply of goods n services it would be 16%(SGST 8%+CSGT 8%)
C.It would definetely be very good for economy as a whole.
| Is This Answer Correct ? | 2 Yes | 1 No |
over all details about tax what is mean by headge fund and detail explanation?
what the procedure of filing mvat pls. explain in briefly ?
i received commission with deduction of tds how to take entry in my books. commission Rs.90000 Tds.10000
i want to purchase a machinary for company use, i want to purchase it from other state is c form applicable for that
3 Answers Advanced Bolting Solutions,
Briefly Explanation of Entry Tax when we pay the Entry Tax
WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ?
12 Answers Insurance, Reliance, Wings Customer Care,
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
I have working with Rs.180000/- I want fill up itr 1st time What is process.
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
is Discount Allowed Indirect Expences?
My company liable to paid Service tax for GTA (Goods Transport Agency) in Jan,Feb & March month. our Transport made on 15.02.09 and Transport bill accounted on 02.03.09. on 25.02.09 Service tax reduced 12.36% to 10.30%. So my quastion is what rate should i caluculate to paid the tax. while transport date (12.36%) or Bill accounted date (10.30%) pl tell me.
if Mr. A Charge to Mr. B 5% CST, Mr. B Paid 5% CST To Mr. A so Mr. B c Form Give To Mr. A This Is right or wrong
Audit 
