Saturday, September 13, 2014

Importance of Goods and Service Tax (GST) in India

☑ 1) What are you doing? Ans.: Business Tax: PAY: PROFESSIONAL TAX! ☑ 2) What are you doing in Business? Ans.: Selling the Goods. Tax: PAY SALES TAX!! ☑3) From where are you getting Goods? Ans. : From other Area/State/Abroad Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY and OCTROI! AND NOW LBT and LPT. ☑ 4) What are you getting in Selling Goods? Ans. : Profit Tax : PAY INCOME TAX! How do you distribute profit ? Ans : By way of dividend Tax : Pay DIVIDEND DISTRIBUTION TAX. ☑ 5) Where you Manufacturing the Goods? Ans. : Factory Tax : PAY EXCISE DUTY! ☑ 6) Do you...
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