Tax Uniformity

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..... Tax Uniformity
Query (Issue) Started By: - Deepak Agrawal Dated:- 12-5-2015 Last Reply Date:- 13-5-2015 Goods and Services Tax - GST
Got 2 Replies
GST
1.I wanted to know what is Uniformity in Tax. 2.Do people require to pay State sales tax even after VAT is in force. 3.How Tax evasion can be avoided using VAT? 4.Other than reduction in multiple indirect taxes what are other benefit .....

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..... s of GST? Reply By Deepak Aggarwal: The Reply: GM,as my understanding, uniformity means there will be no difference in rates across country, only SGST or CGST rate will be in picture.In GST, people need to pay SGSTand CGST on same transaction of supply of goods or services.Tax evasion, as already explained, no diff.in rates, so no tax evasion.Major benefit of GST is to remove cascading effect of .....

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..... taxes, also same time no dispute regarding levy of vat or service tax will come to an end.Rest,it is named biggest indirect tax reforms, lets see what happened? Reply By ganeshan kalyani: The Reply: Hi, Goods and Service Tax -GST is a biggest tax reform. It is dual GST in India comparing to other countries where single GST persist. India GST will have SGST for State taxes like Vat, entry tax, prof .....

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..... essional tax etc. Central taxes like excise, service tax will be subsumed in CGST. There will be IGST charged for Interstate sale. Over and above there will be 1% additional tax levied on interstate transaction. The GST bill has passed in Lower House and need to get through RS and get the assent of Pesident to become an Act. GST is expected in 2016 as the present Gvt is very positive in making .....

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..... it possible.
Discussion Forum - Knowledge Sharing .....

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