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 It is an indirect tax that has mostly superseded many other indirect taxes in India, such as excise duty, VAT, and services tax.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)
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Jay Vyas
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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.
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Rudra S
5
Excellent Tutor Kunal Sir has a lot of knowledge about the topic
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AKASH KIRAN GURAV
5
Detailed course 👍🏻
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Toibur rahman
4
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Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
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chauhan vijay
5
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Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
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Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
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prabhat sharma
5
how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
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