A review on goods and service tax bill GST.

The first Bill passed by the Lok Sabha on 6 may 2015 but still it is pending at Rajya Sabha.
Register will officially known ads constitution Wheel in 2014 proposed a national value added tax or not to be implemented in India from June 2016.
Goods and service tax would be comprehensive indirect tax on manufacturers sale and consumption of goods and service throughout India to replace taxes levied by the central and state government.
Goods and service tax would be revived and collected at each stage of sale or purchase of goods and service based on the input tax credit method.
This method allow GST Registered business to claim tax credit to the value of GST they paid on purchase of goods and service as part of the al normal commercial activities. Taxable goods and services are not distinguished from one another and a text at a single rate in a supply chain till the goods and services reach the consumers.
Administration responsibility would generally raised with a single authority to Levi takes on goods and services.
Export would be zero dates and input would be live at the same Texas at Jawed domestic goods and services adhering to the destination principle.
The introductions of goods and services tax GST would be significantly stays in The Reform of indirect taxes in India.
the simplicity of the tax would lead to easier Administration and enforcement.
From the consumer's point of view the biggest advantage would be in terms of A reduction in the overall tax birthday and of good which is correctly estimated at 25% to 30%. Is India is a federal Republic GST would be implemented concurrently by the central government and state government individually.
We should follow and Demand this role as soon as possible in Rajya Sabha this is beneficial for all our consumers of our nation.
Tax rates under the proposal of GST would fall but number of excessive would increase by the 526 times all the real food comes down text collection would go off due to the increase of this buoyancy. the government is working on your special it platforms for its boots implementation of the proposed goods and service tax that is special purpose vehicle SCP restaurant at GST and networks will be owned by the three star folder San Santra its states and the technology and partners NSDL The Central Board of Excise and Customs chairperson this is majumdar period this address Singapore National Conference of this GST possibility of the Rolling out of the chest and he said there is no need for the alarm at CST was not ruled out in April 1 2012.