Saturday, July 1, 2017

GST IMPLEMENTATION ON 1ST JULY 2017 IS AN EPIC WONDER FOR THE ECONOMY OF INDIA NATION !!!

From 1st July 2017, the indirect taxation system 
of India got SIMPLIFIED.
Due to Goods and Services Tax implementation, all indirect taxes 
got scrapped to become a single one and UNIFIED.
GST will be charged on a product on that destination 
where it actually gets SOLD;
the system of charging taxes on taxes has been replaced by one time 
taxation as the system of multiple taxation was too confusing and OLD.
Trucks are not going to wait hours after hours at state border 
checking points to delay the scheduled journey time on any HIGHWAY.
Timely delivery of goods is bound to increase 
the net profits of any businessmen ANYWAY.
For Intra State businesses, 
GST will be charged on a dual BASIS;
CGST goes to Central Government and 
SGST goes to State Government without any MISS.
For Inter State businesses, 
GST charging becomes INTEGRATED;
IGST goes to Central Government directly  
without any dual break-up and is uniformly RATED.
At initial stages, due to GST, 
there may be a market situation 
of products price SURGE;
but, in the long run, the prices of products will come down 
when the number of GSTIN registration in GST Network (GSTN) 
become widespread and LARGE.
A portion of the amount of the total revenue generation 
from GST can be channelized to help the poor people of 
India by effective financial INCLUSION.
As GST is totally a new indirect taxation system in India, 
so any businessman can anytime, anywhere take the help of GST 
Course Certified Consultants (GSTCCC) to clear any type of CONFUSION.
Due to GST, not only indirect taxation system will improve, 
but also some people will get recruited as 'GSTCCC' and it is surely 
an example of national level employment GENERATION.
After so many discussions, debates and high level meetings for so many 
years to reach to a democratic and united consensus, GST implementation 
on 1st July 2017 is an epic wonder for the economy of India NATION.” - Arindam Sain

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