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What is GST? Learn GST Basics


Posted Jul 12, 2019 | Hits: 10
Country: India
City: Noida
Zip: 201301
What is GST? Learn GST Basics
Online GST Return The tax system in India has completely changed after the implementation of GST in India on 1st July 2017. It is an indirect tax which is levied on the supply of goods and services in the country. After GST came into India, the entire nation has one tax. It serves the purpose of "one nation one tax" in the country. Every person in the country should have basic GST knowledge. Every person should know how much tax is on particular goods or services. There are many institutes in India that provide GST training for enhancing the knowledge about goods and services tax.
Online GST Return GST training is also a good option for those who want to make a career in it. There are around 1.3 million jobs in this sector according to a survey conducted. GST training provides you a golden opportunity for securing your career into this field.
If you want a deep knowledge of this field then GST training is for you. But the basic concepts of GST which every person should know is:
1 It serves the purpose of "one nation one tax" which means it is an indirect tax for the entire country.
Online GST Return
2 There are different slabs of tax in GST which vary according to type goods and services. It is levied at multiple rates ranging from 0 percent to 28 percent.
3 There is a four-tier GST tax structure of 5%, 12%, 18%, 28%, the high rates are applicable to high-end luxury goods and low rates are applicable to necessity goods.
4 Ultra-luxury and demerit goods will attract cess of 28% of the top of GST for five years.
5 The cess will be removed after the span of five years according to the finance minister.
6 The tax would be levied simultaneously to central government and state government.
Online GST Return
7 The CGST and SGST are applicable on all intra-State supply of goods and/or services and IGST is applicable on all inter-State supply of goods and/or services.
8 Anyone with an aggregate turnover of up to Rs. 10 lakhs would be exempted from the tax.
Online GST Return If you are thinking of making a career into it then go for the GST training. If you have completed your graduation or about to complete then it will become a good career option for you. There are various professional courses after graduation which you can consider rather than GST training. Some professional courses after graduation which is good for your career are:
PGDM- It is a good option after completing your graduation. Many students go for PGDM after their graduation. Its syllabus is very much similar to the syllabus of MBA. It is one of the best professional courses after graduation.
MBA- Just like PGDM, MBA also has a good demand in the corporates or industries. There are various colleges and universities which offer an MBA degree.
Online GST Return
PGPM- It is a management program course with a duration of 1 year. It is a certificate course that comes under professional courses after graduation.
PGDEMA- It is a post-graduate diploma in Event management & activation. Nowadays event management is in trend among the youths and it is also a good career opportunity for them.
PGDM in Digital Marketing- In the present era, Digital Marketing is in very high demand. It is a good opportunity for students to secure their career in this demanding field.

If you are looking to pay Online GST Return then I will suggest to you that Advise24 will the best option for you. Because Advise24 is providing the best GST Return services in India.
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