Skip to main content

Learn online what is GST

What is GST? Goods And Services Tax Explained With Benefits & various

slabs of GST

Banking Classes: - We at Takshila Learning offer best online coaching classes for banking exams. With the increase in the use of technology in our day to day lives, we have also designed an online course which caters to all your needs to crack any banking exam.You can watch our videos anywhere at any time taught by our best-experienced faculty.You can also attempt our online mock test papers for bank PO with detailed explanation, analysis of the exam, and much more.
We also offer different blogs and articles on important topics, news, and information related to banking exams. In this article, the following topic ’GST’ from Banking section is explained.

GST

Question 1.What is GST? How does it work?

Goods and Services Tax (GST) is an indirect tax for the whole nation which was introduced in India on 1 July 2017 which will make India one unified common market. It will replace multiple cascading taxes levied by the central and state governments. It was introduced as the Constitution (one hundred and first amendment) Act, 2016. The GST is governed by a GST  Council and its Chairman is the Finance Minister of India.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.The final consumer will thus bear only the GST charged by the last dealer in the supply chain with set-off benefits at all the previous stages.

Question 2. What are the benefits of GST?

  • For Central and State Governments:
  • Simple and easy to administer
  • Better controls on leakage
  • Higher revenue efficiency

  • For the consumer:
  • Single and transparent tax proportionate to the value of goods and services
  • Relief in overall tax burden

  • For business and industry:
  • Easy compliance
  • Uniformity of tax rates and structures
  • Removal of cascading
  • Improved competitiveness
For online test series of Banking Awareness, click Online Banking Preparation


Get online classes for bank po and clerk at Takshila Learning..

Comments

Popular posts from this blog

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...

Best Sample papers for Bank PO Exam Download

Sample papers for Bank PO Exam | Question Paper for Bank PO : Institute of banking Personnel Selection (IBPS) Department issued a Notification of IBPS PO 2017  exam announced in October month. IBPS Probationary Officer (PO) Online Application Form process will be begin from July 2017. This is a hard exam for all students so aware of its value. Large number of  candidates will participate in this exam. So all candidates should prepare well for it. Check out IBPS, Bank PO Sample papers, Question Paper Pattern, SBI  PO Syllabus ,   IBPS Syllabus  and other IBPS PO Preparation 2017 This paper is identical to any Bank PO Question Paper Pattern. Check whole IBPS Bank “PO question paper” subject wise. IBPS (PO) Paper Pattern Analysis with Syllabus and main topics of IBPS Exam 2017. PO Question Paper Pattern, Bank PO sample Papers for IBPS Bank Exam IBPS PO Exam will be conducted at three levels 1st- PO Preliminary Exam 2nd- PO Mains Exam 3rd- PO Common ...

Online/Offline CBSE Coaching Classes for class 9

CBSE Coaching Class 9 :-   In a move to make the digital India and Skill India dream into a reality, we are providing the best courses to our students in e-learning mode. Our program consists of entire 9th class syllabus in a fun learning method with various ways like sounds and animations. Our content is in 2-D & 3-D animation for better understanding of students. So That students will be understand every thing clearly and it makes the learning easy and entertaining. We are offering the following subjects for class 9th Standard:   Maths Class Physics Class Chemistry Class Biology Class Our E-learning provides the best and trained teachers with highly qualified for the respective subjects, they help to improve the students’ performance and to teach the every concept clear and easy in better way. Our main motive is to help students to learn well and gain more marks with making  their basic concept strong and good knowledge base ...