Venue : Singapore Marriott Hotel Programme : 9am to 5pm Dates : 13 May 2016. fundamentals. Basic – Understanding GST concepts and . This video contains basic information on GST, with reasons for introduction, also constitutional amendments made for GST GST Rates. General Knowledge Quiz. This GST course will help you in boosting your career. Share on. Taxpayers often fall victim to the misconception that GST is simple - just charge 7%. GST Council finalised a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess. GST. Goods and Services Tax (GST) Knowledge What is GST? ish ka ye matlap nehi ki , hamko tax caluclation nehi karna padega. You will learn GST with Bimal Jain who is one of the most sought-after GST knowledge & thought leader in the country with more than 19 years of experience in Indirect Taxation. 0 claps +0 . As (ii) GST would be a destination based tax as against the present concept of origin based tax. Basic Terminology Under GST Assessment under GST Goods and Service Tax(GST) will build up all indirect taxes under one umbrella and help Indian businesses become globally competitive. In other countries, GST is known as the Value-Added Tax or VAT. The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. The Goods & Services Tax (GST) is formally and intentionally a consumption tax, a tax on the final consumption of a good or service. Service Tax will go up from 15% to 18%. Liquor for human consumption is exempted, although tobacco and tobacco products will fall under GST. registered taxpayers still make mistakes in their GST treatment of transactions and in their GST reporting. you don't charge GST on these either) 5 GST Law from a Constitutional Perspective (2/2) Bill passed by Rajya Sabha on 03.08.2016 & Lok Sabha on 08.08.2016 Notified as Constitution (101st Amendment ) Act, 2016 on 08.09.2016 Key Features: Concurrent jurisdiction for levy & collection of GST by the Centre & the States – Article 246A Centre to levy & collect IGST on supplies in the course of inter-State trade Input Taxed sales (i.e. GST certification course is a comprehensive guide to goods and services tax regulation, GST regime and a view to enable the GST practitioners to understand the nitty-gritty of this new law on GST. The GST to be levied by the Centre would be called Central GST (CGST) and that to be levied by the States would be called State GST (SGST). or rahi bat clients ki. (iii) It would be a dual GST with the Centre and the States simultaneously levying it on a common base. You can also take the online quiz from the take GST MCQ Quiz Button. There is a 1% tax on top of the GST for inter-state movement of goods and services. 0 claps +0 . GST Returns Purpose; GSTR4: Quarterly return for compounding vendors (It contains the total value of supply made during the period covered by the return, along with the details of the tax paid at the compounding rate (not more than 1% of aggregate turnover) for the period along with invoice-wise details for inward supplies if they are either imports or purchased from normal taxpayers). It was… 1 July 2017/-Yes, this was the only as well as the original date of GST launch. This course is outdated and will be removed on 15 Jan 2021. 9 Basic Questions About GST You Should Know the Answers to by Now. it is assist to maintenance Accounting transactions, inventory management, tax management, payroll management and GST with Little Effort. 1,000 each plus a GST … GST se tax rate ek single rate ho jayega. har business sector ko jarurat hoga ek accountant ki for calculation of tax and other financial activities. The GST Registration in Rajasthan of Procedure: GST Registration Online process is a two-stage process. 5 basic things about GST everyone should know. Service Tax will go up from 15% to 18%. However, there is much more to GST than meets the eye. Programme Objective GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. Need for a Dual-GST Model • The need for a Dual-GST model is based on the following premise: • At existing framework, both levels of Government i.e. Lodge your Grievance using self-service Help Desk Portal The GST Certification Courses focus on the need of skilled work force and impact of GST training program.The participants are expected to have basic knowledge of the subject. Share on. ***Best Practical Knowledge Of Tally – MD AKBAR AHMAD*** Tally is widely use ERP Systems in the world and more than 1.6 Million users are used around the world and it helps to maintenance our Daily company’s transactions with prefect and Easy manner. Explanation: GST will comprise five basic rates: 0 percent, 5 percent, 12 percent, 18 percent and 28 percent. This workshop will help you reinforce your current knowledge on GST fundamentals and concepts and to keep pace with the changes. This GST MCQ Test contains 20 Multiple Choice Questions. Through this blog, we shall take you on a journey to explore the Best GST Books in India.A list of books on GST or Goods and Services Tax (latest editions) that can help you understand this new tax in a simple manner.. GST or Goods and Services Tax is a new concept for all that has been made applicable in India w.e.f. Goods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. 1st July 2017. People who are searching for the Best GST online courses then this is the most favorable place to select the course. Through these GST Online Classes, you will be able to learn all the basic to advance concepts and prepare yourself for the latest GST updates with this GST Online Course. The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services. It is a tax for the goods and services. We have composed some important MCQs type GK questions for competitive exams like Banking, … The manufacturer sells the buckets to a wholesaler located in State 1 for Rs. In today's time, 8 out of 10 jobs on commercee stream, specially accounting & taxation need knowledge of GST. Member Strength 33,15,581 and growing.. Get latest updates Hello friends,Please see the above video for having the basic understanding of GST.Regards,7 WondersMake in India GST basic knowledge, GST basic information, GST basic concepts, Basic knowledge of GST, Basic concept of GST. fikar mat karo , Gst kisivi taraka luksan nehi dega hamari accounting association ko. The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. If you’re itching to ask some basic questions about GST, but are too embarrassed, here’s your one-stop shop. Share on. Petroleum sector has been kept out of the extent of GST. Basic Concepts of GST (Goods & Services Tax) Goods and Services Tax (GST) is a broad-based consumption tax levied on the import of goods and services, as well as nearly all supplies of goods and services in Malaysia, except for zero-rated & exempt supplies. Now, let’s take the same example, but instead apply the GST model. The Registration form consists of two parts – A and B: Part A of the GST Registration form: It includes basic information of the Applicant and helps to Generate Temporary Reference Number (TRN), which is valid for 15 days. Free GST PDF Ebook - Download GST Explained PDF Updated on Jan 05, 2021 - 06:17:40 PM Goods and Services Tax or GST as it is popularly known, is the newest taxation system in India. GST Council finalised a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess. GST MCQ Test & Online Quiz: Below we have listed a few GST MCQ Questions that check your basic knowledge of GST (Goods & Service Tax). ... Education, Health services, basic food, sewerage, water, sale of a going-concern. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. Basic Information about GST. 5. GST Law has replaced many indirect tax laws that previously existed in India. GST has been in place for around 20 years now yet GST . GST certification courses are designed to give the basic and advanced practical knowledge of the various prospects of Goods and Services Tax including basics of taxation, registration, administration, reporting, returns and in-depth accounting and recording of transactions, laws related to GST. You have to select the right answer to the question. By Archit Gupta | 5th May 2017. GST means goods and services tax and is an indirect tax. 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