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?
Answer Posted / 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 |
Post New Answer View All Answers
Explain long term capital gains and how is it different from short term capital gains?
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
How will you calculate house rent allowance (hra)?
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
what is the objective of business taxation in private company?
Rules for filling Income Tax return for an Individual ?
Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
certificate of export is for which items?
Is wct charged on firm or proprietors ?
Should we give C form with Freight, Insurance, P&F after CST?