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As a consumer one must be aware of what we are being charged for and what goes out of our pocket when making any payment. The most important factor affecting our spending is the Goods and Services Tax (GST). But do we all know what GST is really all about? Meaning of Goods and Services Tax (GST) GST is a comprehensive indirect tax which will be levied on the manufacture sale and consumption of goods and services. It will be applicable to the whole of India. This tax will replace all the…
Health Foods Market In India Crosses 10,000 Crore In Revenue Goods and Services Tax bill also known as the Constitution bill proposed a national value added tax to be implemented in India from 1st April 2017. It was introduced by Arun Jaitely. It is a comprehensive indirect tax on manufacture, sale and consumption of goods and services for both central and state taxation system. It would be levied at each level of sales and purchase of goods and services based on input tax credit system.
Indirect Tax Update for week ending 08 August 2014 Despite the summer holidays, the Court of Appeal has issued an interesting judgment in a case relating to. http://slidehot.com/resources/indirect-tax-update-30-2014.35022/