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10 Lines on Gst (Goods & Service Tax) in English | 5 Lines on Gst (Goods & Service Tax) in English | Few Important Lines on Gst (Goods & Service Tax) in English

 

10 Lines on Gst (Goods & Service Tax) in English | 5 Lines on Gst (Goods & Service Tax) in English | Few Important Lines on Gst (Goods & Service Tax) in English
10 Lines on Gst (Goods & Service Tax) in English | 5 Lines on Gst (Goods & Service Tax) in English | Few Important Lines on Gst (Goods & Service Tax) in English


Do you want to read 10 Lines on Gst (Goods & Service Tax) in English for kids and children? Then You are at the right place. Here you will read 10 Lines on Gst (Goods & Service Tax) in English and also 5 lines on Gst (Goods & Service Tax) in English language. If you have been given an assignment from school to write 10 lines on Gst (Goods & Service Tax) in english or 5 lines on Gst (Goods & Service Tax) in english then you can refer to the points given in the below article.

We have also created many such 10 Lines articles on our website for easy access to students of all classes.


10 Lines on Gst (Goods & Service Tax) in English Details

Material

10 Lines on Gst (Goods & Service Tax) /5 Lines on Gst (Goods & Service Tax)

Language

English

For

Students of any Class 1-12

Format

Text

Provider

Sheni Blog


10 Lines on Gst (Goods & Service Tax) in English

Students who are looking for 10 lines on Gst (Goods & Service Tax) in english then you can refer to the 10 lines written about Gst (Goods & Service Tax) below:

1) GST (Goods and Service Tax) is categorized as indirect tax in India.

2) This tax was instituted in India on 1st July in the year 2017.

3) It is coordinated by the GST council that constitutes of finance ministers of the central and state governments.

4) GST is applied to the supply of goods and services in India.

5) The introduction of GST has replaced the complex structure of different indirect taxes.

6) GST is stated as a multistage tax as it is levied on different stages of production.

7) GST is just imposed in the production stages but not collected.

8) Petroleum products, alcoholic drinks, and electricity are excluded from GST.

9) 0%, 5%, 12%, 18%, and 28% are tax slabs for different goods and services.

10) The tax slabs are differentiated into five categories for different goods and services.



5 Lines on Gst (Goods & Service Tax) in English

Students who are looking for 5 lines on Gst (Goods & Service Tax) in english then you can refer to the 5 lines written about Gst (Goods & Service Tax) below:

1) The foundation of the GST bill was laid by drafting the GST Law in the year 2000.

2) GST Tax Bills were passed in the Lok Sabha on the 29th of March, 2017.

3) The bills were passed in the parliament with a majority of 336 votes.

4) These bills were further approved in Rajya Sabha on 6th April 2017.

5) GST bills were finally validated as Acts on 12th April 2017.



Few Important Lines on Gst (Goods & Service Tax) in English

Also, these are few important lines on Gst (Goods & Service Tax) in English if any students require them.

6) The President of India launched the GST (Goods and Service Tax) on 1st July 2017 in the nation.

7) The collection of this tax begins from the step of consumption of the products by the customers.

8) The previous indirect taxes were being collected from the initial step of production.

9) The vision for introducing GST was to bring a similar taxation scheme throughout India.

10) A single taxation system will aid in reducing corruption in the nation.



How to Find 10 Lines on Gst (Goods & Service Tax) in English or 5 Lines on Gst (Goods & Service Tax) in English?

  1. Visit our website Sheni Blog.
  2. Now search for the main 10 Lines articles.
  3. Once on the main page search for the particular topic i.e Gst (Goods & Service Tax).
  4. Click on the 10 Lines on Gst (Goods & Service Tax) in English page for complete assignment.

Conclusion on 10 Lines on Gst (Goods & Service Tax) in English

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