Transcription of ANote on GST - DCMSME
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ANote on GST - DCMSME
A (Goods&Services Tax) is a single tax on the supply of goods and services,rightfrom the manufacturer to the final consumer will thus bear only the GST chargedby the last dealer in the supply chain,with set-off benefits at all the previous hasbeen envisaged as a more efficient taxsystem, neutral in its application and the Central level, the following taxes will be subsumed:a. Central Excise Duty,b. AdditionalExcise Duty,c. Service Tax,d. Additional Customs Dutycommonly known as Countervailing Duty,and Additional Duty of the State level, the followingtaxes will be subsumed:a. State Value Added Tax/Sales Tax,b.
ANote on GST 1. GST(Goods& ServicesTax)isasingletax onthesupplyofgoodsandservices,right fromthemanufacturertotheconsumer.ThefinalconsumerwillthusbearonlytheGSTcharged ...
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