Our Recommendations :-
Follow CA Final FB Page

What is Goods and Service Tax (GST)? What exactly is the concept of destination based tax on consumption?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Ankush Singh asked almost 2 years ago

What is Goods and Service Tax (GST)? What exactly is the concept of destination based tax on consumption?

    0       0 Answer Now Comment Report
1 Answers
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered almost 2 years ago

"Dear Friend, as far as your query is concerned let me informed regarding your query that "It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer. and The tax would accrue to the taxing authority which has jurisdiction over the place of consumption which is also termed as place of supply" Hope answer regarging your query was helpful to you. Also let me know your further query. Regards, Arjun Pratap Singh"

    0       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.