One Nation One Tax – Goods and Services Tax

Introduction Before the 1st July, 2017, Indian indirect tax regime was highly fragmented. Centre and States were separately taxing Goods and services. There were many taxes like excise duty, service tax, VAT, CST, purchase tax, entertainment tax, octroi.• In addition, there was multiplicity of rates. Law and procedures. This caused heavy compliance burden. • Imposition […]

List of products that will now attract GST

A range of items will now come under the purview of the Goods and Service Tax as the GST panel headed by Union finance minister Nirmala Sitharaman accepted the recommendation of the Group of ministers from states on withdrawing exemptions with a view to rationalizing the levy. Here are the products that will now attract […]

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