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    GST Return Online

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    legalrasta
    Submit GST return or e-file GST return online with LegalRaasta, GST software for free. Get complete information on the process of filing GST return online.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    GST Return Online

    Uploaded by

    legalrasta
    33 views6 pages
    Submit GST return or e-file GST return online with LegalRaasta, GST software for free. Get complete information on the process of filing GST return online.

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    Gst Return Online

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    Submit GST return or e-file GST return online with LegalRaasta, GST software for free. Get complete information on the process of filing GST return online.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views6 pages

    GST Return Online

    Uploaded by

    legalrasta
    Submit GST return or e-file GST return online with LegalRaasta, GST software for free. Get complete information on the process of filing GST return online.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Your online companion for company, tax and legal matters.

    WWW.LEGALRAASTA.COM

    GST Return Online

    GST (Goods and service tax)


    GST is commonly described as indirect, comprehensive, broad based consumption Tax.
    The Dual GST which would be implemented in India will subsume many consumption
    taxes.
    The objective is to remove the multiplicity of tax levies thereby reducing the
    complexity and remove the effect of Tax Cascading.
    The objective is to subsume all those taxes that are currently levied on the sale of
    goods or provision of services by either Central or State Government.
    Subsumation of large number of taxes and other levies will allow free flow of larger
    pool of tax credits at both Central and State level.

    Taxes or levies to be subsumed should be primarily in the nature of indirect taxes,


    either on the supply of goods or on the supply of services.
    Taxes or levies to be subsumed should be part of the transaction chain which commences
    with import/ manufacture/ production of goods or provision of services at one end and the
    consumption of goods and services at the other.
    The subsumation should result in free flow of tax credit in intra and inter-State levels. The
    taxes, levies and fees that are not specifically related to supply of goods & services should
    not be subsumed under GST.
    Revenue fairness for both the Union and the States individually would need
    to be attempted.

    File GST in India

    Taxes Proposed To Be Subsumed in GST

    Central Taxes

    Excise Duty
    Additional Excise Duty
    Excise Duty under medicinal and toilet preparation act
    Service Tax
    Additional Custom Duty
    Surcharge
    CENVAT

    State Taxes

    VAT
    Entertainment Tax levied by States
    Luxury Tax
    Tax on Lottery, Betting, and Gambling
    Entry Tax other than for Local Bodies

    GST RETURN
    GST will subsume various indirect state and federal taxes like value added tax (VAT), Different
    state taxes, Excise duty, Central surcharges, Luxury tax, Entertainment tax and a bunch of taxes
    by local bodies.
    GST Online is possibly to be at 18 percent and most probably will be applicable from April 1, 2017

    Main Features of GST :


    GST will be comprising of two components: Center and State
    GST will be imposed on each and every transaction of the goods
    GST council can recommend the division of the sum of money collected by the imposition of
    the tax

    GST Return Filing


    So log on now at

    www.legalraasta.com

    8750008585
    Or mail us at: [email protected]

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