FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Goods and Services Tax

Goods and Services Tax

Introduction

• Goods and Services Tax (GST) is a multi-stage consumption tax on all Goods and Services

• GST is levied on supply of goods and services on each stage of the supply chain

• GST will replace separate Value Added Taxes (VAT) levied by the Centre (CENVAT) and States (VAT/Sales Tax)

• GST can technically cover 86% of GDP excluding only agriculture sector (14%) as per economic classification • 160 countries have so far implemented GST/VAT

 Malaysia implementing GST from April 1, 2015

Goods and Services Tax

Goods and Services Tax

What are the benefits?

• Common and unified national market

 Removal of barriers to trade

 Lower cost of doing business

 More fair, equitable and transparent

 Improved compliance resulting in reduced overall tax rates

• World Bank (India Development Update – Oct 2014)

 Delays due to road blocks, tolls and other stoppages will be down by 50% and freight time down by some 20-30%

 Logistics costs will be down by 30-40%

 Boosting competitiveness of India’s key manufacturing sectors by 3 to 4 percent of net sales

• Impact on GDP (NACER study commissioned by 13th Finance Commission)

 GDP can go up by 0.9-1.7% depending on assumptions

 Gain in Exports between 3.2-6.3% of GDP

 Import gain between 2.4-4.7% of GDP

 Goods and Services Tax

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

.

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

Leave a comment

Your email address will not be published. Required fields are marked *