GST Rate Card – Much awaited rule of GST will soon become reality. In the final meeting of GST council, GST slabs are already decided. The government has released 213 pages GST draft containing a complete list of the products including tax rates. The GST rate card given in this document shows which product will get costlier and which product will be cheap. In some products tax waiver is given. However, in the majority of goods and services sharp rise […]
GST slab rate is recently finalized by GST Council. It seems the India is moving one step ahead towards implementation of GST a common tax for goods and services. The GST will be a game changer for the Indian economy as it will abolish many indirect taxes and bring all of them in the single window. GST will also remove the interstate barrier for trading in goods and services. However, looking at GST slab rate it will bring inflation for […]
Goods and Service Tax (GST) – Today significant portion of our income is going away in Taxes. We pay 20 types of taxes in India. From product manufacturing to consumption we have 30-35% of tax burden. Indirect taxes from central government are excise duty, customs, services tax etc. State government taxes are VAT, Entertainment Tax etc. Even municipality also imposes taxes like water tax, property tax etc. Tax rates also differ from state to state. To overcome all this complication & to […]
