Professional Guide on Indian GST
(Kindle Edition)

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The Goods and Service Tax (GST) in India would be a unified, multi-stage, consumption-based Value-Added Tax (VAT). Thus, subsuming the existing multiple indirect taxes and cesses. For a common man, the key area of interest revolves around the price of products and services that he / she would use. Many also think about the inflation which would largely depend on the tax rate applied on goods and services. In November 2016, the GST Council recommended a rate structure for goods.
• 28% is the highest rate for luxury goods, demerit goods, with an additional levy of cess.
• 18% standard rate may also include goods increasingly used by common households.
• 12% is the standard concessional rate of tax.
• 5% rate includes goods of mass consumption such as essential commodities.
• Those with nil tax include about 50% goods in the consumer price index.

It is a matter of proud for any Government to implement this much awaited transition. It is for sure that the GST is going to find tough paths ahead in India. This book covers all about the prevailing Indirect Tax Regime and the proposed GST with its graving need and advantages. Besides, expected obstacles while implementing the GST in India are also touched. It gives me great pleasure to present you with a quick snap shot on the GST covering various aspects of Goods and Services Tax.

AuthorDr. Joffy George MCom MBA ACMA FCS PhD
BindingKindle Edition
FormatKindle eBook
LanguageEnglish
Language TypePublished
Number Of Pages49
Product GroupeBooks
Publication Date2017-02-06
Release Date2017-02-06
Sales Rank19844

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