GST Simplified Series#1
GST Simplified Series#1 Concept, Levy, Scope & Applicability We are pleased to share that we have launched Series ‘GST Simplified’ wherein we would attempt to explain nitty-gritty of GST in most lucid manner through write-ups, presentations and videos. Series#1 explains ‘Concept, levy, scope & applicability of GST. Before discussing GST, Let’s first understand the existing indirect tax structure and issues therein. Current Indirect Tax Structure is grappled with following inherent imperfections: GST has been an attempt to put an end to aforesaid challenges and that’s why is it quoted that ‘ GST is not just a tax reform but a business reform’. Let’s now understand how will GST mitigate current challenges and ride to the path of transparent tax structure. Concept of GST GST- Goods & Services Tax is multi-stage tax each point of supply of goods and/or services in India. It is nothing but a comprehensive tax which...