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GST 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...

The 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...

At 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....

GST 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...

The 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...

The 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...

The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will be subsumed under GST. As per explanation to clause (1) of article 269A of the Constitution,...

Read 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...

GST is useful to mitigate cascading effect, GST helps business to get un-interrupted credit chain across the product cycle thus reduces the product overall cost as compare to current system of tax on Goods...

with the current Government push it seems that GST will passed by 1st week of August