Welcome To Tally.ERP 9 Blog

Please feel free to call us for any query related to Tally.ERP 9 on 022 - 64570707 / 28104422 / 28104432 or Mail us @ info@tallyworld.com

Tuesday, November 15, 2016

How is GST Different from Current Tax Structure?

How is GST Different from Current Tax Structure?
GST (Goods & Services Tax), a single unified tax system aims at uniting India’s complex taxation structure to a ‘One Nation- One Tax’ regime. It is the biggest tax reform since India’s independence.
What does this mean? What will be its impact? What is the difference between GST and current tax structure?
GST proposes to remove the geographical barriers for trading, and transform the entire nation to ‘One Common Market Place’.
Let us understand the fundamentals of GST, it is a dual concept tax system. Under this system, tax is administered, collected, and shared by both the Centre and the State governments, based on the nature of transaction (within the state or interstate).
The tax components of GST 

While we now know the tax components of GST, it is equally important for you to know the taxes existing in the current regime, and how they are subsumed under GST.
Current Indirect Tax structure


3 comments:

  1. contact for suppliment of tally+ inventory management software in just 4000₹ no other cost or renewal cost contact Infliv Internet pvt. Ltd. 9691159293 durg CG.

    ReplyDelete
  2. Thanks For Sharing.
    For More Info visit:http://www.prismitindia.com/

    ReplyDelete
  3. Hello Admin!
    Such a great and informative post indeed about Tally ERP9, I really appreciate it!
    Keep updating stuffs like this.

    Manager:
    http://www.attitudetallyacademy.com/

    ReplyDelete