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 have Office / Warehouse/ Factory?

Ans. : Yes

Tax : PAY MUNICIPAL and FIRE TAX!

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☑7) Do you have Staff?

Ans. : Yes

Tax : PAY STAFF'S PROFESSIONAL TAX!

☑ Doing business in Millions?

Ans. : Yes

Tax : PAY TURNOVER TAX!

Ans : No

Tax : Then pay Minimum Alternate Tax (MAT).

☑ 9) are you taking out over 25,000 Cash from Bank?

Ans. : Yes, for Salary.

Tax : PAY CASH HANDLING TAX!

☑ 10) Where are you taking your client for Lunch and Dinner?

Ans. : Hotel

Tax : PAY FOOD and ENTERTAINMENT TAX!

☑11) are you going Out of Station for Business?

Ans. : Yes

Tax : PAY FRINGE BENEFIT TAX!

☑12) Have you taken or given any Service/s?

Ans. : Yes

Tax : PAY SERVICE TAX!

☑ 13) How come you got such a Big Amount?

Ans. : Gift on birthday

Tax : PAY GIFT TAX!

☑ 14) Do you have any Wealth?

Ans. : Yes

Tax : PAY WEALTH TAX!

☑ 15) To reduce Tension, for entertainment, where are you going?

Ans. : Cinema or Resort

Tax : PAY ENTERTAINMENT TAX!

☑ 16) Have you purchased House?

Ans. : Yes

Tax: PAY STAMP DUTY and REGISTRATION FEE!

☑17) How you Travel?

Ans.: Bus

Tax: PAY SURCHARGE!

☑18) Any Additional Tax?

Ans.: Yes

Tax: PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL and SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX!!!

☑ 19) Delayed any time Paying Any Tax?

Ans. : Yes

Tax : PAY INTEREST and PENALTY!

☑20) Do you want growth of india.?

Ans: Off cource Yes .

Pay electricity tax,water tax, education tax, and other tax ,which is used by defaulter people.

☑21) INDIAN :: can i die now??

Ans: wait we are about to launch the FUNERAL TAX....!!!!!!

Now let's be serious:

GST formulation

**Pardon grammatical mistakes and typos

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