After having gone through a long a tedious process of proposals, discussions, debates, hard-work and serious efforts of every person involved from its budding stage to its matured form, GST rolled out in our country. At the stroke of midnight hour on 30th june 2017 when honorable president of India Mr. Pranab mukherjee along with the honorable Prime Minister of India Mr. Narendra Modi and all the distinguished MP’s launched GST at the historical central hall of the parliament.
The very objective behind this reform is to increase the tax base, encourage more and more people to become a tax payer. This is expected to boost our countries economy and growth in GDP could be observed in the next few years. This is not the first time when a tax reform has been made in our taxation system, we have a long history of reforms being made time and again, but all the previous reforms only complicated the already complex system of indirect taxes in our country. India famous for diversity in its culture also had a diverse tax structure comprising of as many as 17 different types of taxes.
Goods and services tax (GST) is an indirect tax thorough out India which not only encompasses all other taxes in it, but also eliminates the cascading effect of taxes completely. Now there will be only one tax (GST) uniformly applicable in the whole country no matter which state you live in.
Though there are some concerns which needs to be addressed by the government. The whole process of filing the returns has been made online which could cause problems for the technologically challenged people specially the business men of the rural areas where the internet connectivity is still very poor. Service tax which earlier used to be 15% has now been put into 18% slab of the GST causing all the service related sectors like insurance, bank services, eating in restaurants, telephone and electricity bills etc . to become more expensive. Inflation is expected in the initial few years, which will affect the common man popularly called as the middle class of Indian society.
Goods and services tax (GST) with all its pros and cons is set to affect our lives. A lot of people are skeptical about the consequences of this major tax reform. Well, for now all we can say is that it’s a good reform done with good intention. But ultimately how it is going to shape up the future of India is something that only time will tell.
One new case of Ebola virus disease (EVD) has been confirmed in Wangata, one of the three health zones of Mbandaka, a city of nearly 1.2 million people in Equateur Province in northwestern Democratic Republic of the Congo. … Read … Read More→
Coaching helps you with the right guidance and that’s the magic wand one has because guidance is the most important and first right step if you aim for UPSC. I took IASmind online teaching as the direction in … Read … Read More→
This year’s UPSC exams topper, Anudeep Durishetty, credits his success to Youtube and Google. A graduate of BITS Pilani, Hyderabad, it was not an easy journey for him, as this was Anudeep’s fifth attempt at the civil services examination. Anudeep has also scored higher than … Read … Read More→
Sreenath has been earning his livelihood carrying heavy luggage at Ernakulam Junction in Kerala for the past five years. Being surrounded by books is a matter of routine for civil services aspirants, but Sreenath K, a … Read More→
JEE Main Colleges includes a number of reputed colleges. JEE main 2018 exam has been successfully concluded including Paper – 1 and Paper – 2. Now, the candidates are desperately waiting for their results, However, more than the … Read … Read More→
Zareen Khan to host ‘MTV Troll Police’
Ready Player one Now in Cinemas
Pacific Rim Uprising To Released in India, today
The Room Star Tommy Wiseau’s Joker Audition Is Actually Terrifying
Ramadan is observed by Muslims to commemorate when Allah first revealed the Quran to the Prophet Muhammad. The date is also recognised as one of the Five Pillars of Islam, alongside faith, prayer, charity, and making a pilgrimage to … Continue … Continue reading→
From the point of BJP, party are looking at the Karnataka assembly election as a gateway to the south. So the Karnataka Election, May 12, 2018, is not just a battle for who will become the … Continue reading→
As we aware that, Violent Extremism on Social Media and the ‘Radicalization of Youth’ becomes a Top Challenge for many societies today and it threatening the ‘Fundamental Rights’ of citizens, across the world. On the one hand, Violent … Continue … Continue reading→
Baisakhi, also known as Vaisakhi, is mainly a Sikh festival that falls on the 13th or 14th of April each year. It is celebrated with great pomp and show in Punjab as well as other parts of the … Continue … Continue reading→
PSLV-C41/IRNSS1I Mission Sucessful: India’s Polar Satellite Launch Vehicle, in its forty-third flight (PSLV-C41) in XL configuration launched IRNSS-1I Satellite from First Launch Pad (FLP) of SDSC SHAR, Sriharikota. The ‘XL’ configuration of PSLV is used for the … Continue reading→
The weblink cisthetaglobal.com carried a news item that 7-8 questions out of the 90 questions of JEE 2018 paper were carried from a model paper of a coaching institution by the name of Narayana Academy. In this context, … Continue … Continue reading→
15,000 suggestions have been received on reducing the NCERT Syllabus till date. Human Resource Development Ministry today constituted the committee under the Chairmanship of Gujarat Education Minister Shri Bhupendrasinh Chudasama to suggest the ways to make … Continue reading→
The women activist of Sangh Parivar also play a major role in the field of managing power and doing performance by that power and also this power produce the theory of Hindutva in the Nation. Religious practices are … Continue … Continue reading→
Google Doodle Celebrates Abraham Ortelius – The Man Who Created World’s First Modern Atlas More than 400 years ago, it was on May 20, 1570 when the world’s first modern The post The man behind the modern day Atlas-Abraham Ortelius appeared first on E-WRITEUP.
Their Lordships Shri Shri Radha Krishna Sri Krishna HOW LORD KRISHNA TOOK BIRTH IN THE MATERIAL WORLD The Supreme Being in His form as Sri Krishna appeared in Yadu Vamsha The post How Lord Krishna took birth in the material World- Yadav History appeared first on E-WRITEUP.
The Supreme Court on Friday asked B S Yeddyurappa, invited by the Karnataka governor to form government despite his party having only 104 MLAs in a 221-member House as against The post Supreme Court sets Stage for the Final Act in Karnataka appeared first on E-WRITEUP.
So it’s final now- B S Yeddyurappa has taken oath as the Chief Minister of Karnataka today. The midnight Supreme Court antics of the opposition failed miserably, as the highest The post So it’s final now- B S Yeddyurappa has taken oath as the Chief Minister of Karnataka today. appeared first on E-WRITEUP.
True friendship is an eternal bond. Since the Hindi film industry came into being song and dance routines have captivated audiences. This article is a celebration of friendship through songs. The post Tum Jaise Chutiyo ka Sahara: Friends Anthem – Official Full appeared first on E-WRITEUP.