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GST is Destination based tax,levied at place of Consumption¬ place of Origin
Sugar,Edible Oils,Tea,Coffee(not instant),taxed at 5%&milk 0%
Average fall in tax rate is 43%+, across array of items,in last 4yrs,thx to #OneNationOneTax executed by @narendramodi govt
My thread👇
Sugar,Edible Oils,Tea,Coffee(not instant),taxed at 5%&milk 0%
Average fall in tax rate is 43%+, across array of items,in last 4yrs,thx to #OneNationOneTax executed by @narendramodi govt
My thread👇
#GST is value added tax&less inflationary;GST rate is multiplied by total pre-tax cost
In case of zero-rated supplies,retail sale is not taxed&firms claim credits for GST paid on inputs
GST was first implemented in 1954& it took a @narendramodi to have it implemented in India💪
In case of zero-rated supplies,retail sale is not taxed&firms claim credits for GST paid on inputs
GST was first implemented in 1954& it took a @narendramodi to have it implemented in India💪
Since Oct 2020,till May 2021,GST Collections have been in excess of Rs 1 lakh Cr,for 8 months in a row, endorsing uptick in economic activity
One Nation One Tax has reduced number of submissions from over 495,to barely 12,ensuring Ease in Tax filing
#4yearsofGST #OneNationOneTax
One Nation One Tax has reduced number of submissions from over 495,to barely 12,ensuring Ease in Tax filing
#4yearsofGST #OneNationOneTax
