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CHAPTER 1- GST INTRODUCTION AND CONSTITUTION (परिचय और संविधान ) PART-1

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                         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    ...
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Exemptions from GST (Goods and Services Tax).

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                                   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...
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What is Retirement of Partner?

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INTRODUCTION (Retirement of Partner)                          In the consistently developing scene of business, organizations structure the foundation of cooperative achievement. Nonetheless, likewise with any unique relationship, change is inescapable.  The retirement of an accomplice under the Labor and products Expense (GST) in 2023 delivers a plenty of contemplations that reach out past monetary exchanges. This article dives into the complexities of the retirement interaction, investigating it's close to home and functional aspects while stressing the meaning of understanding "What is Retirement of Accomplice under GST" for a consistent progress. Utilization of the word 'resign' in Segment 32 of the Demonstration is bound to situations where an accomplice pulls out from a firm and the leftover accomplices keep on carrying on the matter of the firm without disintegration of organization as between them.  ...
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