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Let's know about it!

Let's know about it!

    2. All about GST

         Goods and Service Tax is known as GST. The historic GST  has become a reality. The new tax system was launched at a function in Central Hall of Parliament on Friday midnight. GST, which embodies the principle of "one nation, one tax, one market" is aimed at unifying the country's 1.3 billion people in a common market. Under GST, goods and services fall under five tax categories: 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. For corporates, the elimination of multiple taxes will improve the ease of doing business. And for consumers, the biggest advantage would be in terms of a reduction in the overall tax burden on goods. "Inflation will come down, tax avoidance will be difficult, India's GDP will be benefitted and extra resources will be used for welfare of poor and weaker section," Finance Minister Arun Jaitley said at GST launch event in Parliament. It is actually a GOOD AND SIMPLE TAX!

    Benefits of GST

    • Common man friendly.
    • Advantage for trade and industry.
    • Benefits for economy. 
    • Simplified tax structure.
    • Creating one economic India.
    Here are some information

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