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GST is a comprehensive indirect tax from the manufacturer to the consumer applicable throughout India which replaced several cascading taxes levied by the central & state governments.
Curious about Goods and Services Tax (GST)? Discover why it is considered an indirect sales tax and what are the main differences with VAT.
A STUDY OF GOODS AND SERVICE TAX (GST) LAW IN INDIA: FEATURES AND ADVANTAGESMalkiat SinghJETIR(www.jetir.org)
destination-oriented tax applied at each point of value addition in the supply chain. By replacing multiple indirect taxes—such as excise duty, Value Added Tax (VAT), and service tax—GST simplifies the taxation framework into a single domestic indirect tax law applicable throughout the country....
suppliesandisadutyofexcise [Assentedto18February2005] TheParliamentofAustraliaenacts: ComLawAuthoritativeActC2005A00002 Section1 2ANewTaxSystem(GoodsandServicesTaxImposition(Recipients)—Excise)Act2005 No.2,2005 1Shorttitle ThisActmaybecitedastheANewTaxSystem(Goodsand ServicesTaxImposition(Recipients)—Excise...
Goods and services tax is India's most ambitious indirect tax reform plan, which aims to stitch together a common market by dismantling fiscal barriers between states. Intention to implement this was declared in 2008 and it was supposed to be in existence from April 2010 but due to political ...
About Goods and Service Tax (GST): The Goods and Services Tax (GST) in India was introduced by the Constitutional (One Hundred and First Amendment) Act of 2017. It is a unified tax system that replaced multiple indirect taxes levied by both the Central and State Governments. Under GST, th...
Types of different tax returns under Goods and Service Tax When is the last date for filing of IGST, CGST and SGST annual returns for previous financial year? The last date for filing of annual GST returns (IGST, SGST and CGST) for previous financial year is on 31stDecember. ...
GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly allsupplies of goods and services in Singapore. The only exemptions are for the sales and leases of residential properties and the provision of most financial services. Export...