Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Tax Uniformity

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1.I wanted to know what is Uniformity in Tax. 2.Do people require to pay State sales tax even after VAT is in force. 3.How Tax evasion can be avoided using VAT? 4.Other than reduction in multiple indirect taxes what are other benefits of GST? - Reply By Deepak Aggarwal - The Reply = GM,as my understanding, uniformity means there will be no difference in rates across country, only SGST o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r CGST rate will be in picture.In GST, people need to pay SGSTand CGST on same transaction of supply of goods or services.Tax evasion, as already explained, no diff.in rates, so no tax evasion.Major benefit of GST is to remove cascading effect of taxes, also same time no dispute regarding levy of vat or service tax will come to an end.Rest,it is named biggest indirect tax reforms, lets see what ha .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ppened? - Reply By ganeshan kalyani - The Reply = Hi, Goods and Service Tax -GST is a biggest tax reform. It is dual GST in India comparing to other countries where single GST persist. India GST will have SGST for State taxes like Vat, entry tax, professional tax etc. Central taxes like excise, service tax will be subsumed in CGST. There will be IGST charged for Interstate sale. Over and above .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... there will be 1% additional tax levied on interstate transaction. The GST bill has passed in Lower House and need to get through RS and get the assent of Pesident to become an Act. GST is expected in 2016 as the present Gvt is very positive in making it possible. - Tax Uniformity - Query Started By: - Deepak Agrawal Dated:- 12-5-2015 Goods and Services Tax - GST - Got 2 Replies - GST - Disc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates