What is GST?|Essentials of GST|Item And Services Tax in Hindi|described in hindi.
GST Bill Explained in Hindi – GST India Rate Structure are likewise Explained.
GST Bill or Goods and Services Tax will be executed in India on 1st July2017 This Video Explains – What is GST in Hindi, GST Full Form, Its Rate Structure, and Advantage of GST.
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Here we attempt to discuss the Goods and Services Tax Bill which has actually gotten a great deal of attention in organisation and political circles recently. Here’s how GST varies from the present routines, how it will work, and exactly what will take place if Parliament clears the Bill.
The GST is a Value included Tax (VAT) is proposed to be an extensive indirect tax levy on manufacture, sale and intake of products along with services at the nationwide level. It will change all indirect taxes imposed on products and services by the Indian Central and state federal governments.
This brand-new Tax Structure is the collection of all the previous kinds of Tax like Sale Tax, VAT, Entertainment Tax, Service Tax, and Income Tax and so on
. Item and Services Tax is of 3 types CGST, SGST, and IGST.
Inning accordance with economic expert GST will not impact Governments earnings that much however increase Indian Economy by 4.2%.
7 Tax Slabs are formed for GST Bill in India Nil, 0.25%, 3%, 5%, 12%, 18%, and 28%.
Nil Tax Slab Contains – Fresh Meat, Eggs, Milk, Curd, Natural Honey, Fruits, Vegitables, Bread, Prashad, Salt, Bindi, Sindoor, Books, Paper, Newspaper, & Hotels with cost less than Rs 1,000
5% Tax Slab – Packed Food Items, Clothes listed below Rs 1,000, Footwear listed below Rs 500, Tea, Coffee, Pizza, Kerosene, Coal, Medicines, Transport Service like Railway and Air Transport.
12% Tax Slab – Clothes above Rs 1,000, Butter, Cheese, Dry Fruits( Packed), Ayurvedic Medicines, Fruit Juice, Agarbatti, Cell Phones and Business Class Air Tickets.
18% Tax Slab – Footwear above Rs 500, Biscuits, Cakes, Mineral Water, Camera and Other Electronics Product, andTelecom Services.
28% Tax Slab – Alcohol, Cigarettes, Pan Masala, Paint, Deo and Big Machines.
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