GST Expert139 CA/LLB QuestionsAnswersRewards Posted an answer Quest 2Read more here : https://t.co/nqzYSHTXie The salient features of the Bill are as follows: g. Conferring simultaneous power upon Parliament and the State Legislatures to make laws governing goods and... August 23, 2018 5 Posted an answer Quest 2The major features of the proposed registration procedures under GST are as follows: i. Existing dealers: Existing VAT/Central excise/Service Tax payers will not have to apply afresh for registration under... August 23, 2018 5 Posted an answer Quest 2The major features of the proposed returns filing procedures under GST are as follows: a. Common return would serve the purpose of both Centre and State Government. b. There are eight forms provided for... August 23, 2018 5 Posted an answer Quest 2The major features of the proposed payments procedures under GST are as follows: i. Electronic payment process- no generation of paper at any stage ii. Single point interface for challan generation- GSTN... August 23, 2018 5 Posted an answer Quest 2GST is being introduced in the country after a 13 year long journey since it was first discussed in the report of the Kelkar Task Force on indirect taxes. A brief chronology outlining the major milestones... August 23, 2018 5 Posted an answer Quest 2At the State level, the following taxes are being subsumed: a. Subsuming of State Value Added Tax/Sales Tax, b. Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied... August 23, 2018 5 Posted an answer Quest 2At the Central level, the following taxes are being subsumed: a. Central Excise Duty, b. Additional Excise Duty, c. Service Tax, d. Additional Customs Duty commonly known as Countervailing Duty, and e.... August 23, 2018 5 Posted an answer Quest 2 For Central and State Governments o Simple and easy to administer: Multiple indirect taxes at the Central and State levels are being replaced by GST. Backed with a robust end-to-end IT system, GST would... August 23, 2018 5 Posted an answer Quest 2The benefits of GST can be summarized as under: For business and industry o Easy compliance: A robust and comprehensive IT system would be the foundation of the GST regime in India. Therefore, all... August 23, 2018 5 Posted an answer Quest 2GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits... August 23, 2018 5 Posted an answer Quest 2GST Law has been passed check here for more GST info: https://t.co/AESWU4mP3H August 23, 2018 5 Asked a question What are the major features of the proposed returns filing procedures under GST? August 23, 2018 2 Asked a question GST QueriesIs it mandatory to put HSN or Accounting code against each item? I have read under rules that Taxpayers whose turnover is below Rs. 1.5 crores are not required to mention HSN Code in their invoices.... August 23, 2018 2 Asked a question GST Setup feewhat is fee ? August 23, 2018 2 Asked a question What are the major features of the Constitution (122nd Amendment) Bill, 2014? August 23, 2018 2 Asked a question What are the major features of the proposed registration procedures under GST? August 23, 2018 2 Asked a question How will IT be used for the implementation of GST? August 23, 2018 2 Asked a question How will imports be taxed under GST? August 23, 2018 2 Asked a question Will cross utilization of credits between goods and services be allowed under GST regime? August 23, 2018 2 Asked a question How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method? August 23, 2018 2 Load More
