With the passage of India’s biggest tax reform in decades, we will become a unified market, with one tax for all goods and Services. Once GST implemented will significantly ease the ambiguity Investment and stimulate overall growth of the economy. Experts believe that in the present tax system, there are a lot of different taxes that one has to pay, like VAT, Excise duty, Service tax, or the local body taxes. GST will subsume all these taxes into it. Instead of paying various taxes, at various states and cities like we have to pay ‘Entertainment Tax’ for watching a movie. We have to pay Value Added Tax (VAT) on purchasing goods & services and there are Excise duties, Import Duties, Luxury Tax, Central Sales Tax, and Service Tax of today some of these taxes are levied by the Central Government and some are by the State governments after implementation of GST we would only one tax that is GST.
GST Impact in India, Impact of GST
Impact of GST on Works ContractImpact Of GST on Real Estate SectorImpact of GST on TradersImpact of GST on ManufacturersImpact of GST on Information technology SectorImpact of GST on Hospitality SectorImpact of GST on Indian SmesImpact of GST on MSMEImpact of GST RestaurantsImpact of GST Hotel IndustryImpact of GST on e-commerceImpact of GST on FMCGImpact of GST on AviationImpact of GST onTelecommunication SectorImpact of GST on Textile SectorImpact of GST on Banking SectorImpact of GST on Cement SectorImpact of GST on Pharmaceutical SectorImpact of GST on Medias and entertainment SectorImpact of GST on Retail SectorImpact of GST on Autobobiles company & dealersImpact of GST on Insurance SectorImpact of GST on Transportation industriesImpact of GST on Agriculture SectorImpact of GST on Manufacturing SectorImpact of GST on Service SectorImpact of GST on ImportImpact of GST on ERP systemImpact of GST on ProcurementsImpact of GST on Railway SectorImpact of GST on Education SectorImpact of GST on Steel SectorImpact of GST on Job workImpact of GST on Liquor SectorImpact of GST on Tobacco SectorImpact of GST on Energy SectorImpact of GST on Role/work of ProfessionalsImpact of GST on ExportImpact of GST on Automobile SectorImpact on GST on Indian EconomyGST Impacts on Central Government & State GovernmentOverall GST Impacts, Analysis of GST Impacts on Indian Economy
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