GST becomes a reality today

                       Building  a New India Through

——-One Nation,One Tax,One Market——

GST benefit for all

COMMON MAN FRIENDLY

  1. Huge number of items are either tax exempt or in 5% tax bracket.
  2. Maximum benefits to the poor&the common man.
  3. Will ensure that the poor get their due.
  4. Level playing field for small traders in any part of country.

ADVANTAGES FOR ALL TRADERS AND INDUSTRY

  1. Common producers for registration,duty payment,return filling and refund of taxes.
  2. Seamless flow of tax and credit from manufacture/Supplier to user/retailer to eliminate cascading of taxes,
  3. More efficient neutralization of taxes to make our exports more competitive internationally.
  4. Benefit of exemption/composition and scheme for a large segment of all scale suppliers to make their product cheaper.

BENEFIT TO ECONOMY

  1. To create a unified common national market.
  2. To make India a manufacturing hub.
  3. To boost investment&export.
  4. To generate more employment by increased economic activity.

SIMPLE TAX STRUCTURE

  1. Reduction in muliplicity of taxes now leviable on good&services,leading to simplification.
  2. Simple tax regime with few exemption.
  3. Harmonization of laws,producers and rates of taxes across the country.
  4. Common system of classification of goods&services to ensure certainty in tax administration.

CREATING ONE ECONOMIC INDIA

  1. Freedom of movement of goods&services.
  2. Consumers to benefit by increased competition,
  3. Level playing field for producers&consumers across the country.
  4. Strengthening sense of nationhood and unity.

GST @ 0%

  • Unpacked Foodgrains
  • Fresh Vegetable
  • Unbranded Atta
  • Unbranded Maida
  • Unbranded Besan
  • Gur
  • Milk
  • Eggs
  • Curd
  • Lassi
  • Unpacked Paneer
  • Salt
  • Kajal
  • Phool Bhari jhaadoo
  • Childern drawing and Colouring Books
  • Health services

GST @ 5%

  • Sugar
  • Tea
  • Roasted coffee Beans
  • Skimmed Milk powder
  • Milk for Babbies
  • Cashew Nuts
  • Domestic LPG
  • Agarbatti
  • Coir mats

GST @12%

  • Butter
  • Ghee
  • Almonds
  • Fruit Juice
  • Packed Coconut Water
  • Prepration of Vegetable
  • Umberella
  • Mobiles

GST @18%

  • Hair oil
  • Toothpaste
  • Soap
  • Pasta
  • Corn Flakes
  • Soups
  • Ice-cream
  • Computer
  • Printer

 

Author: Vikas Royal

Hi this is Vikas Royal, im an engineering student,I write blogs on Technical news,hacking news ,gadgets.For more detail mail me on admin@googlebharat.com For more visit my Facebook profile htpps://www.facebook.com/vikasroyal007

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