The GST stands for Goods and Services Tax. It is an indirect tax that has mostly superseded many other indirect taxes in India, such as excise duty, VAT, and services tax. On March 29, 2017, Parliament passed the Goods and Service Tax Act, which took effect on July 1, 2017.
In India, the Atal Bihari Vajpayee government proposed the introduction of GST in 2000. Based on their expertise creating State VAT, state finance ministers organised an Empowered Committee (EC) to create a structure for GST.
It was later used to implement a unified taxation system across the country. The Vajpayee government established a task team led by Vijay Kelkar in 2002 to recommend tax reforms. The Kelkar group advised implementing GST in 2005, as recommended by the 12th Finance Commission.
The NDA administration introduced the Constitutional (122nd Amendment) Bill 2014 on GST in Parliament on December 19, 2014. The bill was subsequently passed by the Lok Sabha on May 6, 2015. The bill was referred to a Joint Committee of both Houses of Parliament on May 14, 2015.
Types of GST are:
Integrated Goods and Services Tax (IGST)
State Goods and Services Tax (SGST)
Central Goods and Services Tax (CGST)
Union Territory Goods and Services Tax (UTGST)
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
Very nice 👍❤️
This course is Good and the way of teaching is also good. Every minor details are provided in an easy way.
Mohammad Zafar Khan
Superb and amazing 😍🤩 enjoyable experience.
Akash Kumar Parashar
Sir what will be the CBM of a drum having 14*22" and weight 25Kg and no of drums is 40 ?
Very informative course
Myself Himanshu Kulshreshtha and I have attended the training The Export Import Course from https://www.learnvern.com. I am highly thankful for the training that I have received.
Share a personalized message with your friends.