All Types of Taxation Notes 666

                         GST INTRODUCTION AND CONSTITUTION WHY TAX: -  Government need fund to fulfill Increasing Development needs of country or to fulfill  Socio.  Economic Objectives of the country that's Why Government Impose tax. WHAT IS  TAX: - Tax is a Compulsory Extortions of Money made under an Act. TYOE OF  TAX: - It can be classified into two parts as DIRECT TAX & INDIRECT TAX. Where burden  of tax borne by the person on whom it is levied then the tax will be DIRECT TAX and  where burden of tax shifted to another person i.e. ultimate consumer then it will be  called as INDIRECT TAX. FEATURES OF INDIRECT  TAX: -                             I.           It is an IMPORTANT SOURCE of Revenue to the GOVERNMENT    ...

 GTA Full Form- Goods Transport Agency In the many-sided domain of Labor and products Expense (GST) , understanding the subtleties of different parts is fundamental for organizations. One such crucial perspective is the Products Transport Office (GTA) and its suggestions in GST. In this article, we will unwind the intricacies encompassing the inquiry (हम जांच से जुड़ी जटिलताओं को दूर करेंगे) , as we dive into the subtleties of how this part assumes an essential part in the GST system in 2023. Characterizing GTA in the GST Scene: जीएसटी दृश्य में जीटीए की विशेषता At the center of the GST structure, a Products Transport Organization (GTA) alludes to any individual offering types of assistance corresponding (संगत सहायता) to the transportation of merchandise by street and issues transfer notes. These administrations are available under GST, and it becomes basic for organizations to grasp the complexities of GTA to guarantee consistence with the expense guidelines. Basically, the ex...

                                   EXEMPTION FROM GST IN INDIA There are many such facilities which are exempted from tax in the list provided by the government THERE  ARE TOW TYPES OF EXEMPTION. GOODS EXEMPT FROM TAX SERVICES EXEMPT FROM TAX INTRODUCTION OF EXEMPTION: - At the point when a stock of merchandise as well as administrations falls inside the domain of charging segment, such inventory is chargeable to GST. Nonetheless, for deciding the obligation to settle the assessment, one necessities to additional check whether such stock of merchandise or potentially benefits are absolved from charge. EXEMPT SUPPLY: - Has been characterized as supply of any labor and products or both which draws in nothing pace of duty or which might be entirely excluded from charge and incorporates non-available stockpile [Section 2(47)]. NON-TAXABLE SUPPLY MEANS: - a stockpile of labor and product...