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Ankur Arora
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GST (GOODS AND SERVICE TAX) a major reform in Indian Econmy.
GST also known as ONE NATION ONE TAX.
*IMPORTANT POINTS RELATED TO GST:-
GST abolished 17 major taxes lavied and collected by Central and State Government(as the case may be) including VAT,CST,EXCISE,CUSTOM(Partially) ETC.
GST have the following rates are as follows:-
0%
5%
12%
18%
28%
The items covered under which slab are recommended by Advisory Committee and approved by Central Government.
Five Petroleum Products are not covered under GST for next 5 years.
Tobacco and Tobbacco Products are covered under both EXCISE and GST.
ALCOHOLIC Products for human consumption are not in scope of GST,however it covered under State Excise.
GST also known as ONE NATION ONE TAX.
*IMPORTANT POINTS RELATED TO GST:-
GST abolished 17 major taxes lavied and collected by Central and State Government(as the case may be) including VAT,CST,EXCISE,CUSTOM(Partially) ETC.
GST have the following rates are as follows:-
0%
5%
12%
18%
28%
The items covered under which slab are recommended by Advisory Committee and approved by Central Government.
Five Petroleum Products are not covered under GST for next 5 years.
Tobacco and Tobbacco Products are covered under both EXCISE and GST.
ALCOHOLIC Products for human consumption are not in scope of GST,however it covered under State Excise.
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