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?
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Answer Posted / 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 |
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