Goods and services Tax explained by an example – GST

1 year ago sarkariadmin 1
Step1 : Lets take an example, when a manufacturer of Jeans. He buys raw materials or inputs — cloth, thread, buttons, tailoring equipment — value Rs 200, a sum that includes a tax of Rs 20. Using these raw materials, he manufactures a Jeans. In the process of creating the Jeans, the manufacturer adds value to Read More

What is GST? Pros and Cons of GST

1 year ago sarkariadmin 0
Goods and Services Tax – The “One Nation One Tax” system was implemented from 1st July 2017 in pan India. The Goods and Services Tax (GST) is a value added tax that will replace all the indirect taxes levied on goods and services by the government,both central and states, once it is implemented.The basic idea Read More