and came into effect on July 1, 2017. This pivotal reform marked a significant shift in India’s tax landscape, intending to reduce the tax burden on businesses and consumers while promoting a unified market across states.
GST as a historic tax reform is expected transform the indirect taxation in India came into effect from 1st July, 2017. The impact of GST on manufacturing sector is to be positive, on the other hand, India€s manufacturing performance has been uninspiring. Therefore this paper made an attempt...
In 2000, Prime Minister A.B. Vajpayee introduced the idea of GST and set up a committee to plan a Goods and Services Tax (GST) model for the country. The Goods and Service Tax (GST) came into effect from 1st July 2017. Take a quick look at the journey of GST in India explained ...
GST to come into effect from July 1: Economic Affairs Secretary IANS - February 28, 2017 The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday. "GST should be imple...
HSN (Harmonized System of Nomenclature) has been introduced for an orderly classification of goods worldwide. This code is a uniform 6-digit code that helps to classify more than 5000 products. It came into effect in 1988 and was developed by theWCO(World Customs Organization). ...
GST or the Goods and Services Tax is an indirect tax that came into effect in India on the 1st of July, 2017. GST is levied on goods and services and has replaced other indirect taxes that were in effect before it came into use. How...
Good and Service Tax (GST) is an Indirect tax which came into effect on July 1, 2017. GST was introduced to replace the hassle of multiple taxations in India under the slogan, “One Nation, One Tax”. Prior to the GST regime, a taxpayer was required to file forms such as Central Ex...
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax tha...
GST is stated to be one of the biggest tax reforms in India; it is the only indirect tax that directly affects all sectors and sections of our economy. The GST bill, known as the Goods and Services Tax, The tax came into effect from July 1, 2017 through the implementation of One Hund...
The integration of GST E-way Bill with FASTag, envisaged in January 2019 with the revenue department setting up an officers committee to integrate e-way bill, FASTag and Delhi-Mumbai Industrial Corridor’s (DMIC’s) Logistics Data Bank (LDB) services, came into effect in October 2019. GST...