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MyGov - Discussion thread for GST

MyGov - Discussion thread for GST
Start Date :
Jun 30, 2017
Last Date :
Aug 16, 2017
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

With the GST coming into effect from 1st July, 2017, the biggest indirect tax reform of independent India, is going to transform the way indirect tax is administered in this ...

With the GST coming into effect from 1st July, 2017, the biggest indirect tax reform of independent India, is going to transform the way indirect tax is administered in this country, impacting not just businesses but also the common man. GST is a tax on consumption of goods and services, which is levied at all stages right from manufacturing up to final consumption, with credit of taxes paid at previous stages available as setoff. It is going to remove the tax-on-tax effect through separate Central and State tax laws. In a nutshell, under GST, only value addition will be taxed , hence, reducing the burden of tax to be borne by the final consumer.

The most fundamental change in GST besides the consolidation of multiple taxes, is the use of a robust shared IT infrastructure in its operations. All the forms related to registrations, filing returns and other related activities can now be done through the GSTN Portal.

GST will help build an economically stronger India, with 'One Nation, One Tax, One Market.'

https://cbec-gst.gov.in/ - Click here to know more about GST

Click here to read FAQs

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Showing 840 Submission(s)
ARUN KUMAR GUPTA
ARUN KUMAR GUPTA 8 years 10 months ago
Despite many hurdles GST is launched on 1st July,2017. Exactly, 2 years after the Digital India was launched on 1st July,2015. The foundation stone of GST was laid on that day itself. Because without network connectivity, GST would have been difficult to implement across the length and breadth of the country. As Honorable PM mentioned in his speech during launch of GST at parliament, One Tax One Nation from Leh to Lakshadweep and from Itanagar to Ganganagar. This reflects foresightedness of PM
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PANKAJ UPRETI
PANKAJ UPRETI 8 years 10 months ago
GST UNIFYING THE MOSTLY INDIRECT TAXATION SYSTEM IN INDIA, GST BRINGS UNIFORMITY IN PRICES OVER THE COUNTRY. GST IS GREAT BOOM AND WAY TO DIGITISE THE BUSINESS ECONOMY OF THE COUNTRY CONSEQUENTLY IT IS HELP IN MAINTAINING THE AUDIT TRAIL OF THE TRANSACTION ON REAL TIME BASIS. GST ON THE OTHER HAND IMPROVE AND INCREASE THE MOBILITY OF THE GOODS BY UNRESTRICTED TRANSPORTATION OF THE GOODS AS WELL AS REMOVING THE INSPECTOR RAJ.
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Mohamed Ali A S
Mohamed Ali A S 8 years 10 months ago
Sir, Good afternoon and have a good day ! This is a reform in taxation... we do have to hope optimistic that this will benefit the nation...meantime we should have to reach to the people making them to understand this historic move and it's necessary that confidence have to be build in all sections of the societies to make it successful and implement it with out any hurdles... This is a bold initiative from your side...While implementing these we should approach softness rather than strictness !
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Rahul Aggarwal
Rahul Aggarwal 8 years 10 months ago
Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition. To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials.
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kunal gupta
kunal gupta 8 years 10 months ago
GST goods and services tax system is the healthy environment for India I give an example that before GST person do 10 job at same time now he do single job so that the change and effect after GST come
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nimit11
nimit11 8 years 10 months ago
Dear Sir, We are a Tiny Industry, having turnover 1 to 1.5 cr. yearly. We are working with Defence department, and Shipyards. We have orders for manufacturing items worth Rs.Eighty lacs. And with 2% CST. which comes to Rs.1,60,000.00 only. Now the situation is changed, and we have to pay 28% GST. THE Amount comes to Rs.22,40,000.00 which is very big amount. And we get payment after 90 days. How to overcome the situation? Our items are ready and are under final inspection.
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Vivek Kulkarni
Vivek Kulkarni 8 years 10 months ago
Congratulations and welcome to GST We are requesting to you please declare regularly name of shell companies and names of fake companies alongwith Promotors names on GST portal IT WILL HELP FOR TRANSFERNCY and FULFILLMENT PARTIES COMMITMENTS
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