Goods and Services Tax "GST"
GST BILL has applicable on 1 July 2017 in india
Goods and Services Tax Bill has been ready to launch in India on mid night of 3o june 2017 , So
All people in india has very tense due to increse in tax payment on luxary items which you buy you should need to pay it first .
""WHAT IS GST BILL IN INDIA ? ""
GST Define as the tax applied on the product which has been people buy for any shop or any state they pay one time tax on it which has known as direct tax payment to central goverment.
TYPES OF TAX IS EQUAL TO ONE TAX "GST
""service Tax = GST "" VAT = GST ""CUSTOM DUTY = GST ""SALES TAX = GST ""INCOME TAX = GST
"GST TAX STRUCTURE"
- A= 0.25%
- B= 03%
- C= 05%
- D=12%
- E=18%
- F=28%
"GST IS THREE TYPES"
- CGST = CENTRAL GOVERMENT
- SGST = STATE GOVERMENT
- IGST = CENTRAL GOVERMENT
After the gst bill the lower class people has big relife on tax payment daily use items has tax free like milk , bread , green ,vegitable ,and much more thing after that they pay only 0.25% tax of a lower class people or farmer who live life fully dependent on farmer ..
for more details go though the link http://www.cbec.gov.in/htdocs-cbec/gst
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