Tax layers under proposed GST Model with Examples, Tax Structure of New GST Model, It is a Dual-GST structure proposal wherein the Central Government and State Government will simultaneously charge GST on the same economic supply. Recently we provide complete details for GST Current Tax Structure and proposed GST Regime. Now you can scroll down below and check more details for “Tax layers under proposed GST Model”

Tax layers under proposed GST Model

Inter-state transactions or supplies to be charged an Integrated GST (IGST) which is a combination of Central-GST (CGST) and State-GST (SGST) rates

Unique input tax credit mechanism; as illustrated below:

Comparative Analysis (Intra-State Trade)(Assumed Rates for Excise Duty, CGST & SGST @12%, VAT @12.5%)

Comparative Analysis (Inter-State Trade)(Assumed Rates for Excise Duty, CGST & SGST @12%, CST @ 2% each)

Must Read – GST Definition, Objective, Framework, Action Plan & Scope

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Current Scenario – Tax Implications against Sales and Stock Transfers by an MNC(Assumed Rates for Excise Duty @12%, VAT@12.5%, CST @ 2% each)

Must Read – Introduction, Meaning and Purpose of GST

GST Scenario – Tax Implications against Sales and Stock Transfers by an MNC(Assumed Rates for SGST & CGST @12%, IGST @ 24%, Add. Tax @ 1%)

Must Read –

  • When will GST be applicableGST Definition, ObjectiveTax layers under proposed GST ModelFiling of GST ReturnsReturns Under GSTGST Current Tax StructureExpected Scheme of GSTGST RegistrationGST RatesImpact of GST in Indian Economy

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