Conversation between friends about GST
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Raj: Hey Ravi! Do you know about the recent developments in the taxation policy in India?
Ravi : Yes, I heard about it. Are you talking about GST??
Raj: Yes I am talking about the Goods and Service Tax.
Ravi : Tell me Raj, Is this sort of taxation levied in any other country?
Raj : Im not sure but I think this is the norm in the USA.
Ravi : I see, Since when has this started?
Raj: It started from the first of July 2017 and has been quite the talk of the town.
Ravi: But how does this help our peole?
Raj: It reduces the cost or essential products to the final consumer because of low tax rates.
Ravi : Wow that’s nice. Hope this changes a few things around for us too.
Raj: Hope it does buddy!!
Ravi : Yes, I heard about it. Are you talking about GST??
Raj: Yes I am talking about the Goods and Service Tax.
Ravi : Tell me Raj, Is this sort of taxation levied in any other country?
Raj : Im not sure but I think this is the norm in the USA.
Ravi : I see, Since when has this started?
Raj: It started from the first of July 2017 and has been quite the talk of the town.
Ravi: But how does this help our peole?
Raj: It reduces the cost or essential products to the final consumer because of low tax rates.
Ravi : Wow that’s nice. Hope this changes a few things around for us too.
Raj: Hope it does buddy!!
rishilaugh:
thanks
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