GST;GOODS AND SERVICE TAX INTRODUCTION
INTRODUCTION OF GST;GOODS AND SERVICE TAX. THERE ARE TWO TAX IN INDIA 1 .INDIRECT TAX 2.DIRECT TAX. INDIRECT TAX IMPOSED BY INDIRECTLY DIRECT TAX IMPOSED BY THE GOVERNMENT DIRECTLY. INDIRECT TAX-GOODS AND SERVICE TAX 2.DIRECT TAX -INCOME TAX NOW WE TALK ABOUT INDIRECT TAX GST -INDIRECT TAX GST CONCERN WITH GOODS AND ALL KIND OF SERVICE. GOODS-ALL THING WHICH WE CAN TOUCH . SERVICE -ALL THE THING WHICH WE CAN NOT TOUCH. EXAMPLE 0F GOODS-PURCHASING OF MOVIE TICKETS EXAMPLE OF SERVICE-YOUTUBE ONLINE TEACHING ADVANTAGES-GST IS A CONSUMPTION TAX THERE IS SIMILAR TAX RATE FOR EVERYONE. NO CONCEPT OF PREVIOUS AND ASSESSMENT YEAR. GST SLABS-0%,5%,12%,28%(1 JULY 2017) GST SLABS IN 2020-5%,18%,28% 28% GST -ALL LUXUARY GOODS 1.CAR 2.AUTO MOBILE THERE ARE FOUR TYPES OF GST 1.CGST-CENTRAL GOODS AND SERVICE TAX 2.SGST-STATE GOODS AND SERVICE TAX 3.IGST -INTERSTATE GOODS AND SERVICE TAX 4.UTGST-UNION TERRITORY GOODS AND SERVICE TAX.