GOODS SERVICE TAX ( GST ) Flashcards
WHEN DID GST CAME INTO EXIATENCE
1 JULY 2017
GST COME AFTER WHICH AMENDMENT
101 (2016)
CONCEPT OF SINGLE COMMON GOODS AND SERVICE TAX GIVEN BY
ATAL BIHARI VAJPAYEE
1999
PM VAJPAYEE SET UP COMMITTEE HEADED BY ……..IN ……….TO DESIGN GST
FINACE MINISTER - ASIM DASGUPTA
IN WEST BENGAL
FIRST TIME GST RECOMMENDED
IN 2005 BY KELKAR TASK FORCE
SET UP BY ATAL BIHARI IN 2003
12 TH FINANCE COMMISION WAS HEADED BY ……..ALSO RECOMMENDED GST
C. RANGARAJAN
GST IS SUCCESSOR OF
VAT
GST IS DIVIDED INTO 4 TYPES
IGST
CGST
SGST
UTST
IGST AND CGST - CENTRE AND SGST AND UTST BY STATE
HAVING HOW MANY SLABS
5 MAJOR
0 %
5%
12%
18%
28%
NOT TAXED UNDER GST
PETROLEUM PRO.
ALCOHOLIC DRINKS
ELECTRICITY
GST COUNCIL IS APPOINTED BY
PRESIDENT - ARTICLE 279A
CHAIRMAN OF GST COUNCIL
UNION FIANCE MINISTER
GOODS AND SERVICE TAX NETWORK SET UP IN
2013, NEW DELHI
NON PROFIT
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