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
- 6935 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 are the benefits to an Employee to deduct TDS from his Salary ?
CST RATE IS 2 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED WHAT WILL BE THE RATE OF CST
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.
how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..
Person received the gift this person is taxable or not. If It is taxable then which law (act)is aplicable and under section.....
what is the exise limit in granite manufacturing
what is difference among VAT, CST and sale tax
what is the exemption for income tax u/s 80c and with other sections.
1. How many types of vat? 2. What is the sales tax purpose?
31 Answers Berger Paints, Infosys, IVRCL, Mannu, ZTC,
How much in the inter state tax CST For the LPG Stove
what is cenvet credit in vat.
0 Answers Mediocre, Nabard, RBI,
What is TDS and why we deduct it?
Audit 
