GST KERALA IN INDIA

 The major con cern about the intro duction of GST is abo ut the tax cap. “When GST replaces all exis ting taxes, there sho uld be wider consultan what should be the tions on what should be the maximum tax. It shouldn’t become a burden on the consumer and lead to price rise,” he said.

The five-day training programme at Kovalam here would delve deep into the nittygritties of GST implementation, e-commerce, and transition from VAT to GST.

GST KERALA IN INDIA

He was inaugurating the trainers’ training pro gramme for state commercial tax, central excise and customs and C&AG officers and senior officials attached to Puducherry commercial taxes department, here on Monday .

“GST would bring big huge benefits to the state,” the minister said. He added that the state commercial taxes department has already started making changes in the IT and other infrastructure facilities in connection with the introduction of GST. The Union government wishes to introduce GST by 2017.

GST KERALA CONSULTANTS.TAX SERVICES

GST KERALA CONSULTANTS

GST would bring big huge benefits to the state," the minister said. He added that the state commercial taxes department has already started making changes in the IT and other infrastructure facilities in connection with the introduction of GST. The Union government wishes to introduce GST by 2017...The major con cern about the intro duction of GST is abo ut the tax cap. "When GST replaces all exis ting taxes, there sho uld be wider consultan what should be the tions on what should be the maximum tax. It shouldn't become a burden on the consumer and lead to price rise," he said.

GST Kerala Consultants,tax services

GST Kerala Consultants

Rejecting the Congress’ demand to cap the Goods and Services Tax (GST) rate at 18 percent, Kerala Finance Minister Thomas Isaac said he will push for a higher rate, of 22 percent, in the coming months. Issac, who is also a member of CPM Central Committee, told BloombergQuint in an interview that all states have demanded a higher rate in order to minimise revenue losses. He added the April 2017 GST rollout deadline is achievable, but it’s a “tight schedule.”

The Kerala finance minister had advocated a rate of 22 to 24 percent during the meeting on the empowered committee of state finance ministers on July 25.

GST KERALA NO SERVICES

GST KERALA NO SERVICES

"GST would bring big huge benefits to the state," the minister said. He added that the state commercial taxes department has already started making changes in the IT and other infrastructure facilities in connection with the introduction of GST. The Union government wishes to introduce GST by 2017.

GST KERALA IN INDIA

GST KERALA IN INDIA

The implementation of the long-pending indirect tax reform – Goods and Services Tax (GST) – has become closer to reality with the passing of the GST Constitutional Amendment Bill in the Rajya Sabha on August 3, 2016 and further with approval of the amendment by the Lok Sabha on August 8, 2016. There is still a long way to go and many hurdles to surmount before the GST becomes a reality.

In fact, there are many formalities and procedures to complete for the rolling out of GST from April 1, 2017 onwards. It is expected that the GST Council will be formed at the end of September. There will be six more months to complete other formalities. The crucial problem will be the passing of the State GST Bill by at least 16 States i.e. more than half of the States in India. It is hoped that all the formalities will be over by February, 2017 and the Bill will be rolled out from  April, 2017 onwards.

GST KERALA Consultants IN INDIA

GST KERALA Consultants IN INDIA

GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will impact the tax structure, tax incidence, tax computation, tax payment, compliance, credit utilization and reporting, leading to a complete overhaul of the current indirect tax system.

GST will have a far-reaching impact on almost all the aspects of the business operations in the country, for instance, pricing of products and services, supply chain optimization, IT, accounting, and tax compliance systems.

GST Kerala Consultants

GST Kerala Consultants

GST, an indirect tax reform, is a value added tax applicable to both goods and services. It is essentially a tax only on value addition at each stage, permitting a supplier at each stage to set-off, through a tax credit mechanism. 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. It subsumes several taxes that exist at the Union and State levels such as VAT, Central Excise Duty, Entry Tax, Octroi duty, Purchase Tax, Entertainment Tax, State cesses and surcharges, etc. There will be one indirect tax in place of many taxes and there will be two or three slabs (rates) in place of multiple rates. The tax is imposed not on the origin but on the basis of the destination. I

t makes the country a single market.

GST KERALA/GST IN INDIA

GST KERALA

The introduction of the GST bill is one of the biggest tax reforms in India. The GST (Goods and services tax) will simplify the current system of taxation. As the name suggests the GST is a tax levied when a consumer buys a good or service, it is a consumer based tax. GST will enable broadening of the tax base, which will further result in reduction in effective rate of t

ax. 

NEW ACCOUNTING APP IN INDIA ONLINE ACCOUNTING SERVICE

NEW ACCOUNTING APP IN INDIA

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INDIES NEW ACCOUNTING APP 

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INDIA FIRST ACCOUNTING APP IN INDIA

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INDIA'S NEW ACCOUNTING APP IN INDIA

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INDIA'S NEW ACCOUNTING ONLINE APP IN INDIA

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