GST 2016

What is the India GST base Slab rate?

GST Council of India on Thursday, 3rd November 2016 decided the Four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess. The lowest rate of 5% would be for Read more…

By whatsq, ago
GST 2016

Benefits of GST to Business

Benefits of GST to economy and business in number of ways: Reduction in cascading and double taxation Reduction in multiplicity of taxes. Neutralize  taxes especially for exports. GST will promote Development of common national market. Simplified tax structure by: 1) Reduced Tax rates and exemptions 2)  Good and service clarity Simplified Read more…

By GST Expert, ago