Talks about GST and its launch ceremony …

what is GST

Your 9 questions related to the GST and these are the answers, click to read …

For the grand ceremony of midnight, new carpet has been laid in the Central Hall, and a new sound system has been installed. The program will begin at 11
o’clock, and with the announcement of the GST being implemented by ringing in the middle of midnight, it will continue till midnight.

President Dr. Pranab Mukherjee and Prime Minister Narendra Modi will also keep their views on this occasion. Former Prime Minister HD Deve Gowda, Lok
Sabha Speaker Sumitra Mahajan and Vice-President Hamid Ansari will also be present on the main stage of Central Hall. The invitation to former Prime Minister
Dr. Manmohan Singh was also sent, but his party Congress boycott the program means that he will not be involved.

About 1,000 people are expected to participate in the program. Bollywood superstar Amitabh Bachchan, will be included in the list of Ratan Tata, one of the
country’s biggest industrialists, and Lata Mangeshkar, a playback singer known as ‘Bharat Kokila’. Reserve Bank of India, i.e. the current governor of RBI, Urjit
Patel and two former governors Bimal Jalan and YV Reddy will also attend, while previous RBI governor Raghuram Rajan will not be included in the program.
The Central Government has invited all the MPs, Chief Ministers of all the states and the Finance Ministers of all the states to the program.

 

The Congress, Left, West Bengal Chief Minister Mamata Banerjee’s party is boycotting the Trinamool Congress, Dravid Munnetra Kazhagam (DMK) and
opposition Bihar Party’s Rashtriya Janata Dal (RJD), the party’s Lalu Prasad Yadav’s party. The situation is not clear at present for the involvement of former
Uttar Pradesh Chief Minister Mulayam Singh Yadav in the Samajwadi Party’s program, and according to the news agency PTI, senior party leader Naresh Agarwal
has said that it will be known only later on Friday. Will work…’

Question: What is GST?

Answer: GST is an indirect tax i.e. indirect tax. A type of tax is levied on goods and products under GST. According to the Indian constitution, the state and
central governments now impose taxes on goods and services according to their own interests. If there are any company or factory. By selling their products from
one state to another, they have to pay a lot of taxes so that the price of the product increases. With the introduction of GST, the cost of those products will be
reduced.

 

Question: How will GST work?

Answer: GST will have three components, the first central GST, the second state GST (SGST) and the third integrated GST (IGST). Central and Integrated GST
centers will be implemented while SGST will implement the state.

Question: What are CGST, SGST and IGST?

Answer: Selling goods within the state will take the Central Goods and Service Tax and State Goods and Service Tax. For example, if a person of Uttar Pradesh sells
the goods to a person of UP and the GST rate on that item and the item is 18% then 9% CGST and 9% will be SGST. And if the goods are sold to a person outside
the state then IGST will be at the rate of 18 percent.

Question: Will GST be increased by the rate of the smartphone?

Answer: No GSTex will increase the price of the smartphone, but it will be cheap. These are tax 13.5 percent tax. GST is proposed to impose a 12 percent tax on
these. Meaning 5 thousand smartphones now have a tax of 675 rupees. The new system will have to pay 600 rupees tax.

Question: What will be the impact of the new tax on petrol, diesel and aviation turbine fuel?

Answer: Petroleum, such as petrol, diesel and aviation turbine fuel, is currently excluded from the GSTex scope. GSTex Council will decide on this issue later.

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