Direct tax - Income tax

GST in for >> Indirect tax[1-15%] - 18 different kinds ? Sales(within state VAT,
interstate CentralSalesTax),manufacture cetral excise tax, custom duty, Enterta
inment tax (Cinema hall)
We might have to pay more than 1 type of tax when we buy something // in same we
pay 30-35- to 50 percent tax (we dont even realize it)
GST bill help us to eradicate diffeerent taxes and we have to pay only one tax t
o central gvernment will be in 4 slabs.
Advantage >> Some goods and services will be cheaper
Disadvantage >> SOme will be my costlier.
Unique GSt number to every individual business
starting from 1 april,2017
IT infra is being developed for GST by GSTN.
Goods and Services Tax Network (GSTN) is non-Government, private limited company
.
he Company has been set up primarily to provide IT infrastructure and services t
o the Central and State Governments, tax payers and other stakeholders for imple
mentation of the Goods and Services Tax (GST).
Indias biggest tax reform affecting trade, commerce, services,industry, manufact
uring, supply chain, e-commerce >> in total the way in which we conduct business
.
GSTstreet is marketplace for the stuff::
>>Am i gst ready?
>>Do i know impact of gst?
>>Professional opportunities??
>>Transition and imlementation challenges
>>Right technlogy and right ppl ?? right supply chain??
>>Websites and Apps for gst information ??

-- 1.2 companies are registered in india

--In gststreet , we can find
>Big accounting and advisory firms
>Big IT and app developers
>Big law firms
>Big trade and industry forums
>Gvernment officials
>Industry experts
>Publishers
>Trainers
>Mentors
>Tax professionals
>Job givers/seekers
>>Personalised features
>Gst talks, events nearby, Virtual chat room, training, hiring z
one, bidding zone, date with professionals, run surveys

ASP - application service provider

GSP - GSTs suvidha provider