Dayanand's World

What is GST (Goods & Services Tax) : Details & Benefits The present structure of Indirect Taxes is very complex in India. There are so many types of taxes that are levied by the Central and State Governments on Goods & Services. We have to pay ‘Entertainment Tax’ for watching a movie. We have to pay Value Added Tax (VAT) on purchasing goods & services. And there are Excise duties, Import Duties, Luxury Tax, Central Sales Tax, Service Tax… As of today some of these taxes are levied by the Central Government and some are by the State governments. How nice will it be if there is only one unified tax rate instead of all these taxes? In this post, let us understand – what is Goods and Services Tax and its importance. What are the benefits of GST Bill to Corporates, common man and end consumer? What are the advantages, disadvantages and challenges? What is GST? It has been long pending issue to streamline all the different types of indirect taxes and implement a

WHAT IS GST? The GST is a Value added   Tax  (VAT) is proposed to be a comprehensive indirect   tax levy 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. The following are the salient features of the proposed pan-India Goods and Services Tax regime that was approved by the Lok Sabha by way of an amendment to the Constitution: 1.  GST, or Goods and Services Tax, will subsume central indirect taxes like excise duty, countervailing duty and service tax, as also state levies like value added tax, octroi and entry tax, luxury tax. 2.  The final consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages. 3.  As a measure of support for the states, petroleum products, alcohol for human consumption and tobacco have been kept out of the purview of

ALERT CITIZENS FORUM OF INDIA A7/303, Saket CHSL, Saket Marg, Thane (W) 400601. May 24, 2017. The Hon. Chief Minister, Government of Maharashtra, Mantralaya, Mumbai. Respected Shri Devendraji, This letter is to bring to your notice the absolute autocratic and undemocratic behavior of the Municipal Commissioner of Thane during the General Body meeting of Thane Municipal Corporation held on May 20, 2017. In course of the meeting, the Leader of the Opposition raised a point of order regarding the Municipal Commissioner having got engaged in a scuffle with hawkers during a Clear Hawkers Drive of the TMC last week. Both - the Commissioner and the Leader of Opposition had a verbal tiff following which the Commissioner threatened the General body that he can stall the administration of the Corporation by stating - if I stay (in the meeting ), the administration stays and if I go, the administration goes...and he walked out of the meeting. Sir, you have been a M