Answer / pooja

GOODS AND SERVICE TAX

What is goods and services tax (GST)
GST is a broad-based consumption tax levied on the import
of goods, as well as nearly all supplies of goods and
services in ABROAD. The only exemptions are for the sales
and leases of residential properties and most financial
services. Export of goods and international services are
zero-rated. In some countries, GST is known as the Value
Added Tax (VAT).

How does GST work
GST is a self-assessed tax. Businesses must come forward
to register for GST when their turnover exceeds $1mil per
year. After registration, businesses must charge and
account for GST at the prevailing rate. This is known as
output tax. GST registered businesses can also claim the
GST incurred on their goods and services purchased assuming
certain conditions are met. This is known as input tax.

What is difference between PAN No and TAN No

13 Answers   FedEx, PM Enterprises,

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why charges PURCHASE @ 15 % TAX RATE ?

0 Answers   Bell, MNC,

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Penalty if TDS Returns not submitted on time?

1 Answers  

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what is the ESI ? TELL ME RATE HOW TO WRITE ENTRY

3 Answers  

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How Can i file tds return

1 Answers  

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What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.

0 Answers  

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Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section

0 Answers  

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80DD Dediction

0 Answers  

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how to know whether on a particular thing the tds is applicable

0 Answers   Genpact,

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what are the forms come in use of a manufacturing company while transferring of goods??

2 Answers  

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Does the tax liability of an individual get affected due to his residential status? If yes, explain.

0 Answers  

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Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

0 Answers  

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