rakesh patro-facts

3 July 2017

GST - ( One Nation - One Market - One Tax)

GST: Goods & Services Tax is to make country run under one tax.


Objective of  GST




Who is Liable to pay GST:



Empower to Citizens:


GST Compulsory Scenario:

One Tax - Multiple Benefits:

Gross Benefits:



Conclusion:
So, the idea behind having one consolidated indirect tax:
  • There will now single tax on goods & services.
  • Level up country's business
  • Attract foreign nations and investors who have a more structured tax system
  • Benefit end users across the country under one tax plan
  • It will also improve the collection of taxes and economy of country.
Sources and Bibilography : Google, Govt site