All You Need To Know About The Goods And Services Tax (GST)

The Logical Indian Crew

May 23rd, 2017

Image Credit: outleadership

The Goods and Services Tax (GST) is an upcoming system of taxation in India which will merge many individually applied taxes into a single tax. It was introduced through the passage of the 101st Amendment.

The GST is governed by the GST Council and its Chairman is Finance Minister Arun Jaitley.

The government has categorised 1211 items under various tax slabs. With its diverse implications and ambit, the GST will be the biggest taxation shake-up in India since independence. Here are the main points about GST that you should know about before it is implemented from 1 July 2017.
























 

 

 

Share your thoughts..

Propelled by

VOLVO

Make Your City Safe

Related Stories

Raghuram Rajan

Don’t Cut GST Rates So Frequently, Let The Economy & Tax System Stabilise First: Former RBI Chief Raghuram Rajan

Differently-Abled GST

Differently-Abled To Pay Tax For Goods Under GST Which Were Earlier Exempted

GST Council

GST Rates On 66 Items Revised By GST Council; Know About It

GST To Be Effective From July 1, Know The Difference Between The UPA’s 2011 GST And The Current Bill

Rajya Sabha Passes GST Bills

Rajya Sabha Passes 4 GST Bills, Possible Roll Out On July 1; Consensus Between BJP & Congress

GST Bills

Know About The 4 GST Bills Cleared By The Cabinet, Could Become Part Of Taxation From July 1

Latest on The Logical Indian

Others

Another Madhya Pradesh Farmer Dies At Mandi Waiting To Sell His Crop

News

Labour Party Calls For Removal Of Vedanta From London Stock Exchange After Thoothukudi Incident

Health

Nipah Virus Did Not Spread Through Bats; Bihar, Sikkim Issue Advisory: Reports

Others

70% Ganga Will Be Clean By 2019: Nitin Gadkari

News

Ministry of I&B To Set Up Social Media Monitors in 716 Indian Districts

News

CBI Grills Sify Technologies Staff in SSC Paper Leak Case