Politics revolving around GST.
Way back in 2003, the idea of GST was conceived and mooted by the then Government in power. Since then, for almost 13 long years, it has been a hot topic of discussion not only in the corridors of the Parliament but also in various social, educational, industrial and economic platforms. Countless number of symposiums, seminars and workshops has taken place to discuss the pros and cons of implementation of GST. After assuming power at the Centre, Modi's Government, however took it up very seriously. At last, after extensive deliberations and discussions, the Modi's Government got the GST bill passed in both the houses of parliament recently. It was not a cakewalk victory for Modi's government to get approval to GST Act for it warranted the constitutional amendment. The Government's decision to enforce GST from 2017 is gleefully greeted by industrial giants.
Why GST is showered with lots of praises?
First and foremost, the consumer has to suffer various taxes such as Central Excise Duty, Service Tax, Customs Duty, Sales Tax, Surcharge, Cess, Entertainment Tax, Entry Tax, Value Added Tax plus other taxes before the goods and services reaches his hands. All put together, minimum number of taxes imposed by the Central and State Governments ranged between 10 and 13. To put an end to this cumbersome practice, the GST is thought of. Goods and Services Tax, in short GST, is a single point tool through which the Central Government will levy and collect tax on goods and services.
هذه القصة مأخوذة من طبعة November 2016 من SME World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 2016 من SME World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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