GST will be active from April 2017 and those who have registered for VAT, Services Tax and Central Tax will have to enroll themselves for Goods and Services Tax.
GST will be active from April 2017 and those who have registered for VAT, Services Tax and Central Tax will have to enroll themselves for Goods and Services Tax.
These points are taken from Macroeconomics Theory and Practice of HL Ahuja. The textbook is recommended for level course in Macro Economics offered to BS(BA) students in CIIT Attock.
These points are taken from Macroeconomics Theory and Practice of HL Ahuja. The textbook is recommended for level course in Macro Economics offered to BS(BA) students in CIIT Attock.
This presentation highlights the reason for bringing GST and how GST will be different from the present tax structure. The video also brings out the complexities in the present tax structure and how under GST these complications will be removed.
Note: The above presentation is only for informational purposes and is based upon Model GST Law and other information available on the internet. This does not constitute any sort of legal advice or opinion.
Set to transform the economy and create a single national market, the Goods and Services Tax (GST) is the single biggest tax reform since the start of India's liberalisation. Its implications cannot be exaggerated: from lowering the tax burden on consumers to enabling free movement of goods and services across the country, it could be transformative for the country.
Yet, riding piggyback on GST is a plethora of concerns. For a measure taking effect on July 1, 2017, it was surprising that we didn’t know till just days ago what would be taxed and at what rate. Compliance costs are a worry as is the fact that petroleum products are outside the purview of GST. For many, the tax slabs have a hue of political compromise.
In the latest Pitchfork Partners Insights initiative, we seek to demystify and deconstruct GST to create an understanding of what it means for you and the country as a whole. We hope it is useful.
Do get back to us with your feedback and if you need advice on communication and brand solutions for your business.
It is worth mentioning here that the levy of Excise or Service Tax was not dependent on the levy of VAT/CST, as they were governed by different laws.
These are the taxes that shall be levied under the new system of GST. How this shall operate, and how can we have cross utilisation of credits can be seen in this Document.
Introduction /Concepts of GST
Existing & Proposed Tax Structure in India
Model/Components of GST
Benefits under GST
Applicability & Rate in GST Regime
Impact of GST
GST Set off Chain & its methodology
Functioning of GST
Others Areas of GST
Key Amendments in Bill
Sector Wise Impacts
Flaws of the GST Model
Conclusion.
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The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
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The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
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Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
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2024.06.01 Introducing a competency framework for languag learning materials ...
gst practitioner
1. Multiply the full GST
inclusive price by 3 then
divide that result by 23. The
end result will be the GST
amount. The above formula is
the Inland
.Revenue recommended
method of calculating the GST
content of a GST inclusive
amount. Goods & Services
Tax in New Zealand changed
from 12.5% to 15% on 1
October 2010.
2. To figure out how much GST was included in the
price you have to divide the price by 11
($220/11=$20);
To work out the price without GST you have to
divide the amount by 1.1 ($220/1.1=$200)
To calculate the sales tax that is included in a
company's receipts from items subject to sales tax,
divide the receipts by 1 + the sales tax rate. For
example, if the sales tax rate is 6%, divide the total
amount of receipts by 1.06. If the sales tax rate is
7.25%, divide the total receipts by 1.0725.
3. GST is a consumption based tax levied on sale,
manufacture and consumption on goods &
services at a national level. ... State GST (SGST)
Which will be levied by State.
Integrated GST (IGST) – which will be levied
by Central Government on inter-State supply
of goods and services
4. The GST is a Value added Tax (VAT) is
proposed to be a comprehensive indirect tax
level on manufacture, sale and consumption of
goods as well as services at the national level. It
will replace all indirect taxes levied on goods
and services by the Indian Central and state
governments.
5. INSTITUTTE OF COMPANY
ACCOUNTANTS:
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Anna Nagar West Extension,
Chennai - 600 101.
Phone : 7550075215
Email : icainstitutepadi@gmail.com