Understanding Power and Influence: The magnet for success
Before you embark on the professional expedition, understanding the use and abuse of power and influence is a requisite. Possessing...
What is GST? What do you need to learn about it?
GST stands for Goods and Services Tax, and its introduction in 2017 was a watershed in the history of Indian finance and economy. It took one and half a decade to come into existence since the task force (set by the former Prime Minister AB Vajpayee in 2003) mooted the idea of unification of a plethora of indirect taxes that were prevalent in India then. However, after prolonged deliberation and enactment, GST was rolled out on 1 July 2017 by Honourable Prime Minister Narendra Modi in the presence of Shri. Pranab Mukherjee, the then President of India in a mid-night function at the Central Hall of Parliament of India. Thus, the idea “One Nation, One Tax” is fulfilled.
Characteristics of GST
Goods and Services Tax is a multifaceted, and it is comprehensive destination-based taxation where tax is levied only on the value addition of every stage of goods and services. Upgrade to Basic Plan to unlock this content!This content is locked
Citations :
Skillioma (October 27, 2021) What is GST? What do you need to learn about it?. Retrieved from https://www.skillioma.com/what-is-gst-what-do-you-need-to-learn-about-it/.
"What is GST? What do you need to learn about it?." Skillioma - October 27, 2021, https://www.skillioma.com/what-is-gst-what-do-you-need-to-learn-about-it/
"What is GST? What do you need to learn about it?." Skillioma - Accessed October 27, 2021. https://www.skillioma.com/what-is-gst-what-do-you-need-to-learn-about-it/
Skillioma May 10, 2020 What is GST? What do you need to learn about it?., viewed October 27, 2021,<https://www.skillioma.com/what-is-gst-what-do-you-need-to-learn-about-it/>
Skillioma - What is GST? What do you need to learn about it?. [Internet]. [Accessed October 27, 2021]. Available from: https://www.skillioma.com/what-is-gst-what-do-you-need-to-learn-about-it/
"What is GST? What do you need to learn about it?." Skillioma [Online]. Available: https://www.skillioma.com/what-is-gst-what-do-you-need-to-learn-about-it/. [Accessed: October 27, 2021]
Power Words :
- watershed
- Mooted
- Unification
- Plethora
- Purview
- Prevalent
- Deliberation
- Enactment
- Multifaceted
- Underway
- Levied
- Scenario
- Stakeholder
- Evasion
- Calamity
- Centralised
- Subsumed
- Rationale
- Consensus
- Disaster
This content is locked
Upgrade to Basic Plan to unlock this content!
Hashtags :
- #GPSforLifeAndCareer
- #ConsciousIntelligence
- #Kidswiki
- #MindInTheMaking
- #RelevanceInEducation
- #MeaningfulLearning
- #RealWorldSkills
- #SafeContent
- #360DegreeDevelopment
- #Skillioma
- #BeyondCurriculum
- #SkillsBeyondSchool
Related Posts
Top Rules for Successful Trading
It is quite an astonishing fact to realize and process that we have been an integral component of the consumer...
Types Of Organizations: Which One Do You Belong To?
Businesses today have become increasingly complex and dynamic. A business’s strength lies in the robustness of its foundational organizational design....
Adaptive leadership
The adaptive leadership model was introduced by Dr Ron Heifetz and Marty Linsky after more than 30 years of research...
Understanding Quarters and Quarterly reports
Generally, a quarter refers to one-fourth of a whole. A year, which has 12 months, is divided into four quarters....
What do you mean by risk?
Risk is a term that we often use in our daily life. There is also a very popular Hindi phrase...
