2024: The FAR, Federal Acquisition Regulations, Part 30
ย
Gst
1.
2. ๏ฑ What is GST
๏ฑ What are its Benefits
๏ฑ VAT/GST a global phenomenon
๏ฑTaxes to be subsumed
๏ฑ Rates suggested by GST Council
๏ฑ Compliances โ Monthly Returns
3. GST (Goods and Service Tax)
โข Goods and service tax (GST) is a
comprehensive tax levy on manufacture, sale
and consumption of goods and service at a
national level.
โข Gst is a tax on goods and services with
value addition at each stage.
โข Gst will include manystate and central level
indirect taxes.
โข It overcomes drawback present tax system.