Scroll Text

........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... face book page link for 4th AIC of AIPEU GDS ... ......... .......

scroll text 2

......... .............. CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS ..................... 4th All India Conference of AIPEU GDS - 8th & 9th October 2022 -- Kasaragod - Kerala ......


... ... Dear Comrade newly elected Divisional / Branch Secretaries of AIPEU-GDS -- PLEASE SEND YOUR POSTAL ADDRESS WITH PIN CODE, MOBILE NUMBER, E-MAIL ID THROUGH SMS TO .. 6294343737 / 9748659815.. OR BY E-MAIL TO >< IMMEDIATELY................... CRUSADER TO GRAMIN DAK SEVAKS (2nd Edition -2016) is ready and can place indent to AIPEU GrC (CHQ), NEW DELHI-8....... One copy Rs.225/- (560 pages) ..... Send e-MO for Rs.250/- to receive one copy of the Book by Regd. Book Paket..........

Friday, December 19, 2014

Something must know about Goods and Services Tax (GST)

New Delhi: There may be just few working days left for this Parliament session, but the Narendra Modi government is determined to introduce, on Monday, a bill to create Goods and Services Tax (GST). The centre aims to bring the tax into effect from April 1, 2016.

Five things about GST which one must know.

1) To make the economy stronger, GST will create a single and uniform tax structure, levied all over India on goods and services. GST will remove dual taxes that are levied at the State as well as Centre. It will help in streamlining the entire tax system for goods and services.

It is pertinent to mention here that GST is one of the most ambitious indirect tax reform ever planned in India.

2) The implementation of GST will lead to the abolition of multiple layers of taxation that currently exist in the country. At present taxes such as octroi, Central Sales Tax, State-level sales tax, entry tax, stamp duty, telecom licence fees, turnover tax, tax on consumption or sale of electricity, taxes on transportation of goods and services and et cetera have made the tax structure complex.

3) For now, taxes from two major items, sale of petroleum and alcohol, will not be subsumed by the GST.

4) GST will be collected in equal proportion by Centre and State. They will tax GST at the same rate. For example, if 20 per cent GST is charged on goods and services then Centre will collect 10 per cent and the State will collect the remaining 10 per cent.

5) Once GST comes into effect, tax administration will not only be simplified but will also be more business friendly. It will help both, small and medium enterprises (SMEs) as well as large corporate, in filing tax returns and paying taxes.