Effortless Income Tax Filing Online Your Path to Financial Ease..pdf
GST PPT - 1.pptx
1.
2. GST is an Indirect Tax which has replaced
many indirect taxes in India.
It is a comprehensive, multistage and
destination based tax.
3. Since 1st July, 2017, GST has implemented
across India.
It is charged and collected uniformly.
4. To implement the concept of One Nation One
Tax
Reducing the complication in tax
administration and compliance
Ensuring smaller number of taxes
5. To increase productivity and transparency in
business
To eliminate cascading effect
To promote Information Technology
6. Ease of doing business
To attract FDI
Support to compete at International Market
7. It is a broad based GST
It is a destination based tax rather than
Origin based tax
Paid by suppliers but actually borne by
customers
8. Point of supply is important
Tax credit is given to whole supply chain
9. GST is applicable all over India
It is applicable on supply of Goods and
Services
Alcoholic Liquor for human consumption is
exempted from GST
10. GST is not levied on :
Petroleum Crude
High Speed Diesel
Petrol
Natural Gas
Aviation Turbine Fuel
11. GST create a single co-operative and
undivided Indian market to make the
economy stronger and powerful.
It reduces number of taxes
12. No hidden taxes
It builds a corruption free tax administration
It is completely online based system
13. Only one tax across India
It reduces compliance cost
It reduces average tax burden
