GST or Goods and services tax is an indirect tax levied by Indian government which replaces the taxes levied by state and central government. It is a multistage destination based tax that will be levied on every value addition. To understand GST , we need to understand the concepts under this definition. Multi stage means an item goes through multiple stages from its manufacture to the final sale.
The first cycle involves buying the raw materials. The second stage is production or manufacture. Then we have warehousing of materials. Next stage is its sale to the retailer. The final state is when the user sells it to you. This app contains information on GST Bill Guide in Hindi language.
The impact of GST Bill in India has also been described in this app. Some of the points about GST Bill that this app has is What is GST Bill? Why GST is so important. Impact this bill has on the common man. Impact of GST on business.
The GST Bill Guide helps you understand GST. The GST or Goods and Services Tax is the biggest reform in India’s indirect tax structure.
The GST Bill guide has the following features:
GST Rules:- Accounts and Record Rules, Advance Ruling, Anti profiteering rules,
Appeals and Revisions, Assessment and Audit Rules, Composition Rules, E way Rules,
Invoice Debit and Credit Notes Rules, Input tax Credit Rules, Payment Rules, Refund
Rules, Registration Rules, Return Rules, Transition Rules and Valuation Rules.
*GST FAQ:- All information about GST.
*GST Format:- GST Invoice format, GST payment and other GST formats covered by us.
Under the GST Bill, taxes are levied only on the net value-added portion, which eliminates the tax-on-tax regime and, in turn, lowers the cost of goods. The GST bill aims to bring transparency in the tax system resulting in fewer instances of a false input tax credit.
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