GST - Goods and Services Tax


Bradleywelch

Uploaded on Dec 27, 2017

Category Education

Information about GST (Goods and Services Tax)

Category Education

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GST - Goods and Services Tax

GST - Goods and Services Tax GST - Goods and Services Tax GST stands for Goods and Services Tax. It is comprehensive tax on manufacture, sale or consumption of goods and services at a national level. GST was introduced in India on July 1, 2017. What is GST? CGST is Central Goods and Service Tax SGST is State Goods and Service Tax IGST is Integrated Goods and Service Tax UTGST is Union Territory Goods and Services Tax Types of GST Advantages of Goods Service Tax (GST)  Elimination of Multiple Taxes Saving more Money Easy Tax Filing and Documentation  Ease of business Increase in GDP Increase in Revenue More Employment More Competitive Product Taxes and Commodities not included in GST Alcohol Petroleum Products Tobacco Products Stamp Duty Property Tax Toll Tax Electricity Tax GST Rates in Countries 0 10 20 30 I n d i a F r a n c e U K N e w Z e l a n d A u s t r a l i a S i n g a p o r e M a l a y s i a C a n a d a Thank You