GST GUIDE, GST WORKING, LEARN ABOUT GST, GST RULES

GST指南是APP，這有助於您了解GST，它們的用法，規則ETC

As we all know GST starts in India from 1 July 2017.

The GST is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.

It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.

The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure.

This application is for all our Indian citizen and helps then to understand what is GST Bill and how it impacts our daily life.

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The App Contains Every Topic stated by Indian Government. The App covers:

1. Overview of Goods and Services Tax (GST)

2. Levy of and Exemption from Tax

3. Registration

4. Meaning and Scope of Supply

5. Time of Supply

6. Valuation in GST

7. GST Payment of Tax

8. Electronic Commerce

9. Job Work

10. Input Tax Credit

11. Concept of Input Service Distributor in GST

12. Returns Process and matching of Input Tax Credit

13. Assessment and Audit

14. Refunds

15. Demands and Recovery

16. Appeals, Review and Revision in GST

17. Advance Ruling

18. Settlement Commission (Omitted)

19. Inspection, Search, Seizure and Arrest

20. Offences and Penalties, Prosecution and Compounding

21. Overview of the IGST Act

22. Place of Supply of Goods and Service

23. GSTN and Frontend Business Process on GST Portal

24. Transitional Provisions

The following taxes will be merged together by the GST:

Central Excise Duty

Commercial Tax

Value Added Tax (VAT)

Food Tax

Central Sales Tax (CST)

Introit

Octroi

Entertainment Tax

Entry Tax

Purchase Tax

Luxury Tax

Advertisement tax

Service Tax

Customs Duty

Surcharges

Dual GST Model - SGST, CGST, IGST

India will adopt a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state will be levied with Central GST (CGST) by the Central Government and State GST (SGST) by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption-based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in which they were produced. IGST complicates tax collection for State Governments by disabling them to collect the tax owed to them directly from the Central Government. Under the previous system, a state would have to only deal with a single government in order to collect tax revenue.

GSTN

"Goods and Services Tax" Network (GSTN) is a nonprofit organization formed to create a platform for all the concerned parties i.e. stakeholders, government, taxpayers to collaborate on a single portal. The portal will be accessible to the central government which will track down every transaction on its end while the taxpayers will be having a vast service to return file their taxes and maintain the details.

GST Usage

GST will be levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services.Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.

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