Learn GST

About Learn GST Android App

The General Service Taxation (GST) scheme known as the Goods and Services Tax (GST), India's biggest tax reform in 70 years of independence, was launched at midnight of 30 June 2017 by Prime Minister Narendra Modi.

The App Contains Every Topic stated by Indian Government. The App is very helpful to Learn GST Easily and Quickly. The App covers:
1. Overview of Goods and Services Tax (GST)
2. Levy of and Exemption from Tax
3. Registration
4. Meaning and Scope of Supply
5. Time of Supply
6. Valuation in GST
7. GST Payment of Tax
8. Electronic Commerce
9. Job Work
10. Input Tax Credit
11. Concept of Input Service Distributor in GST
12. Returns Process and matching of Input Tax Credit
13. Assessment and Audit
14. Refunds
15. Demands and Recovery
16. Appeals, Review and Revision in GST
17. Advance Ruling
18. Settlement Commission (Omitted)
19. Inspection, Search, Seizure and Arrest
20. Offences and Penalties, Prosecution and Compounding
21. Overview of the IGST Act
22. Place of Supply of Goods and Service
23. GSTN and Frontend Business Process on GST Portal
24. Transitional Provisions

The following taxes will be merged together by the GST:
Central Excise Duty
Commercial Tax
Value Added Tax (VAT)
Food Tax
Central Sales Tax (CST)
Introit
Octroi
Entertainment Tax
Entry Tax
Purchase Tax
Luxury Tax
Advertisement tax
Service Tax
Customs Duty
Surcharges

Dual GST Model - SGST, CGST, IGST
India will adopt a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state will be levied with Central GST (CGST) by the Central Government and State GST (SGST) by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. GST is a consumption-based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in which they were produced. IGST complicates tax collection for State Governments by disabling them to collect the tax owed to them directly from the Central Government. Under the previous system, a state would have to only deal with a single government in order to collect tax revenue.

GSTN
"Goods and Services Tax" Network (GSTN) is a nonprofit organization formed to create a platform for all the concerned parties i.e. stakeholders, government, taxpayers to collaborate on a single portal. The portal will be accessible to the central government which will track down every transaction on its end while the taxpayers will be having a vast service to return file their taxes and maintain the details.

GST Usage
GST will be levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services.Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.

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