Goods and Services Tax (GST) India

Partner: Udemy
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Description: A warm welcome to the Goods and Services Tax (GST) India course by Uplatz.The concept of Goods and Services Tax (GST) was first introduced by Prime Minister Narendra Modi (India) when the government launched GST into action on the midnight of 1 July 2017. However, GST was almost two decades in the creation since the concept was first projected under the Atal Bihari Vajpayee government. Goods and Sales Tax is a destination based tax on consumption of goods and services. It is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition is taxed and weight of tax is borne by the final customer. In order to regulate inflation, essential items including food, which currently establish roughly half of the consumer inflation basket, will be taxed at zero rate.The GST system in India is a dual GST with the Centre and States simultaneously imposing it on a common tax base. The GST levied by the Centre on intra-State supply of goods and / or services would is called the Central GST (CGST) and that levied by the States is called the State GST (SGST). Similarly, Integrated GST (IGST) is taxed and managed by Centre on every inter-state supply of goods and services. India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, is consistent with the Constitutional prerequisite of fiscal federalism.Uplatz provides this comprehensive course on GST (India) covering all topics related to Goods and Services Tax. This GST course will help you understand the complexities of GST rules, regulations, sup
Category: Finance & Accounting > Taxes > Goods and Services Tax (GST)
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Price: 19.99
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Source: Impact
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