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GST Price Slabs for Advertising, Branding, Marketing, Design

 
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strawberrybranding


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Inscrit le: 05 Nov 2018
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Localisation: Hyderabad

MessagePosté le: Lun 5 Nov - 09:12 (2018)    Sujet du message: GST Price Slabs for Advertising, Branding, Marketing, Design Répondre en citant

The most common word that has been frequently heard by Indians is “GST”. This word caused a commotion in the economic world of India, right from individuals to business everybody in the country is busy understanding GST. The new tax is implemented by the government to streamline the taxation structure.
GST(Goods and Services Tax) is defined as the giant indirect tax structure designed to support and enhance the economic growth of a country. GST system is a single tax (collected at multiple points) with a full set-off for taxes paid earlier in the value chain. Previously tax is levied at each stage separately by the Union government and the States at varying rates, on the full value of the goods but now the final consumer will bear only the GST charged by the last dealer in the supply chain with set-off benefits at all the previous stages.   
The Goods and Services Tax was launched at midnight on 1 July 2017 by the then President of India, Pranab Mukherjee, and Prime Minister of India, Narendra Modi. It aims to streamline the taxation structure in the country and replace a gamut of indirect taxes with a singular GST to simplify the taxation procedure. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12%, 18% and 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition, a cess of 15% or other rates on top of 28% GST applies to few items like aerated drinks, luxury cars, and tobacco products. Taxes to be subsumed under GST are Excise Duty, Service Tax, Central Sales Tax, Surcharge & Fees, VAT, Taxes on Lottery, Luxury Tax, Entry Tax, Entertainment Tax (These are the parts of Central Tax & State Tax)


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MessagePosté le: Lun 5 Nov - 09:12 (2018)    Sujet du message: Publicité

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