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GST Network

Introduction The Goods and Services Tax (GST) was implemented on July 1, 2017, to unify the indirect tax structure in […]

GST council

1. Constitution and Members: The Goods and Services Tax (GST) Council is a constitutional body formed to oversee the implementation

Structure of GST

1. Exempted GST Rate (No Tax) 2. 5% GST Rate Slab 3. 12% GST Rate Slab 4. 18% GST Rate

Basis for changing indirect tax

1. Economic Objectives Revenue Generation Economic Growth Inflation Control 2. Revenue Needs and Budgetary Considerations Deficit Reduction Funding Public Services 3. Economic Efficiency

Tax avoidance and tax evasions

⭐Tax Avoidance Definition: Tax avoidance involves legally minimizing tax liability through strategic planning and use of the existing tax laws. It

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