WebGoods and Services Tax MCQs: 1. What is the full form of GST? A) Goods and Supply Tax. B) Goods and Services Tax. C) General Sales Tax. D) Government Sales Tax. Private players own a 51% share in the GSTN, and the government owns the rest. The authorized capital of the GSTN is Rs 10 crore (US$1.6 million), of which 49% of the shares are divided equally between the Central and State governments, and the remaining is with private banks. The … See more The GSTN is a complex IT initiative. It will establish a uniform interface for the taxpayer and also create a common and shared IT infrastructure between the Centre and States. 1. Trusted National Information Utility … See more ClearTax GSTis user-friendly, easy-to-use software. It is a cloud-based software (which eliminates the need to download) that can easily be integrated with all existing accounting … See more GSTN is the backbone of the common portal, which is the interface between the taxpayers and the government. The entire process of GST is online, starting from registration to the … See more The Goods and Service Tax Identification Number (GSTIN) is the unique number each taxpayer will receive once registered on the common portal. It is based on a taxpayer’s PAN. For more details, please read our article on … See more
Model All India GST Audit Manual 2024 - taxguru.in
WebSep 30, 2024 · 4. What is GST? ‘G’ – Goods ‘S’ – Services ‘T’ – Tax “Goods and Service Tax (GST)” is a comprehensive tax levied on manufacture, sale and consumption of … http://www.unishivaji.ac.in/uploads/distedu/sim1/B.%20Com.%20III%20Adv.%20Acc.%20Sem.%20VI%20P.%20IV%20Unit-4.pdf incarnation year 2
GSTR-1 Filing - India Help Zoho Books
WebMar 21, 2024 · The introduction of e-invoicing has further reinforced this objective. Also, due to GST being a nationwide tax and having a centralised ... businesses must obtain a … WebMay 16, 2024 · 24. Key features 24 • Four tax rates namely 5%, 12%, 18% and 28%. Separate tax rate for precious metals and Works Contract. Some goods and services are … WebJun 13, 2024 · Measures such as the introduction of e-invoicing, linking of inward and outward supply returns with the main GST returns, have all helped revenues of May 2024 touch the INR 1.41 lakh crore mark. inclusion\u0027s t