your logo
6
New Clients
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus dapibus sapien.
Lorem ipsum dolor sit amet, consectetur
adipiscing elit. Phasellus dapibus sapien nec
ex eleifend, eu dapibus felis ultrices. Cras
tincidunt placerat bibendum. Nulla ut massa
quis nisl auctor cursus.
Vestibulum sapien quam, posuere et metus a, finibus rutrumi Fusce euismod h endrerit eros, id tincidunt orci molestie tincidunt. Aenean laoreet turpis a molestie maximus.
Donec ligula nunc, consequat sit amet nibh a finibus semper dui. Curabitur id toojhrtor condimentum, rutrum turpis vel, uppltrices enim. Vestibulum consectljljetur tristique justo ac bibendum. Duis sit aml fget metus nisi. Sed semper congue leo, eget lobortis diam efficitur eu. Duis sit aml fget metus nisi. Sed semper congue leo.congue leo, eget lobortis diam efficitur eu. Duis sit aml fget metus nisi. Sed semper congue leo.
Fvamus fringilla suscipit ex, eu auctor neque fermentum et. Vivamus nulla sapien, dignissim a nunc quis, interdum malesuada eros. Ut commodo pellentesque magna nec ornare. Aliquam ultricies lacus eu iaculis consequat. Aliquam nec sodales purus. Maecenas pretium eros odio, id tempus augue consectetur et. Aliquam nec sodales purus. Maecenas pretium eros odio, id tempus augue consectetur et.
Neo Ridges in Taxation
Goods and Service Tax is one of the revolutionary experiment by the central and state government in the tax system of Indian economy. It is an indirect value added tax. In GST, the tax is on the consumption of goods or services produced in the country. Thus the major benefit of the new tax system mainly contribute from consumer dominated market of the country. Even though each stage of production of goods until its final consumption is taxed, the input credit reduces the tax burden to the producer in his each stages of production. More clearly the production will be taxed only to the value addition made during the stage.
As per new system of taxation , the rate of tax to a particular product will be same in every states prior to its final consumption. The state where the product is finally consumed can impose its tax by allowing input tax credit for the previous tax remittance. All these measures helps the nation to have a uniform price to same category of product. As already mentioned tax is actually levied from the final consumer but the payment of tax would be done by the traders.
GST replaced more than ten various central and state taxes. By introducing a uniform taxation, the inter - state transaction and trade between central and state government can be a more liberalized one. It enables nation to have a common market by reducing the complexities of state level taxes.
September 2017