Interested to Buy Any Domain ? << Click Here >> for more details...
What is proposed GST's impact on Government Revenue? What
is the proposed Tax rate? What is the proposed Tax
Structure (Central GST and State GST) ? Whether it is
good/bad to Govt./Consumers/manufacturers?
- 3 Answers
- 8201 Views
- L&T, RTU, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / tax beginner
GST is to be implemented from 01-April-2011 and not 2010
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / h.r. sreepada bhagi
The Central Government of India has proposed to implement
GST w.e.f. April,2010. One needs to wait till the law is
enacted and implemented to know the details and it needs a
year or two there after to assess the implication on various
business sectors and Central & State Governments.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / atul nema
A. The Government revenue will boost with proposed GST
model of Indirect taxation.
B.There are four basic Structure, i.e;
(i) Exepmted Goods
(ii)Zero Rate Commodity
(iii)Standard Rate @4%
(iV) Residuary Rate @8%
Also one hidden Tax rate would be proposed for precious
metal and stone and the rate would be @1%
This tax structure would be for SGST n CGST but Interstate
supply of goods n services it would be 16%(SGST 8%+CSGT 8%)
C.It would definetely be very good for economy as a whole.
| Is This Answer Correct ? | 2 Yes | 1 No |
What is Sec 10A under Income Tax.
can some one pls explain briefly about 'Differed Tax'?
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
what is tax rate for Companies for the Assessment year 2009-10?
HOW TO CALCULATE THE PF WAGES% ON GROSS WAGES ? HOW TO CALCULATE THE HRA % ON GROSS WAGES? HOW TO CALCULATE WASHING ALLOWENCE AND OTHER ALLOWENCES % ON GROSS WAGES?
WHAT ARE THE TYPES OF TAXATION?
Cenvat credit transaction journal entries. And what does the term reversal of credit means
what is the difference between tds tax code and tds tax type in sap fi
if Mr. A Charge to Mr. B 5% CST, Mr. B Paid 5% CST To Mr. A so Mr. B c Form Give To Mr. A This Is right or wrong
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE
What is the TDS % & limit on Maintance Charges of Office Space.
Audit 
