whats ur opinion on gst
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Answered by
2
Heya!!! ✌️✌️
Here is your answer dear...
system in Indirect Taxes in India like a person replaces his older clothes with new and modern wearings/apparels. e.g. Central Excise is a law belongs to period before independence. Since then, there are bundles of notifications, circulars, case laws, etc. being issued in the law. It has created a total messy to indirect taxation system.
GST is a great achievement for a country like India. GST will bring more transparency, computer based interface with department (without human intervention), cost reduction due to saving of cascading effect. It is a very good thought to collect tax by adding additional assessee base in Indirect Tax System instead of generating revenues by imposing tax on taxes.
No doubt, compliance will be more in GST, however, in comparison to assessee who is covered under both of Central Excise laws and in State VAT, compliances are very cost effective.
GST has simplified the charging conditions like it will be levied on ‘Supply’ of any type. Now, there will be single meaning of supply for Tax.
Moreover, GST will add value to Country’s goodwill in International business fraternity. In coming times, “GST in India” will become an example for other countries.
I HOPE THIS WILL HELP YOU OUT....
HAVE A GREAT DAY DEAR.....
#Bhavana ☺️
Here is your answer dear...
system in Indirect Taxes in India like a person replaces his older clothes with new and modern wearings/apparels. e.g. Central Excise is a law belongs to period before independence. Since then, there are bundles of notifications, circulars, case laws, etc. being issued in the law. It has created a total messy to indirect taxation system.
GST is a great achievement for a country like India. GST will bring more transparency, computer based interface with department (without human intervention), cost reduction due to saving of cascading effect. It is a very good thought to collect tax by adding additional assessee base in Indirect Tax System instead of generating revenues by imposing tax on taxes.
No doubt, compliance will be more in GST, however, in comparison to assessee who is covered under both of Central Excise laws and in State VAT, compliances are very cost effective.
GST has simplified the charging conditions like it will be levied on ‘Supply’ of any type. Now, there will be single meaning of supply for Tax.
Moreover, GST will add value to Country’s goodwill in International business fraternity. In coming times, “GST in India” will become an example for other countries.
I HOPE THIS WILL HELP YOU OUT....
HAVE A GREAT DAY DEAR.....
#Bhavana ☺️
vedsansare323p8ler5:
thanks
It's my pleasure..... Anyway thankQ
welcome
Answered by
1
-Goverenment has chosen the right step to charge gst
Soo we can develop and blackmoney comes into white
Hope it help
Soo we can develop and blackmoney comes into white
Hope it help
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