Five Excellent Motives That Make Bangalore Service apartments Rental fees Irresistible By: transit About the Author Transithotels.in is the one of the pioneers in this segment offering some of the finest service apartments in Bangalore, India. We offer safe, secure and economical Serviced apartments / accommodations in Garden city, Bangalore India, be it for work or for pleasure. (ArticlesBase SC #2988519) ...more
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This comparison is based on the recommendations of the First Discussion Paper produced by the Empowered committee of states finance ministers (hereafter referred as EC) and the Report of the Task Force on GST constituted by the Thirteenth Finance commission. Before going on discussion we should define GST and the Objective behind it. What is GST? GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the Producers point and Service providers point upto the retailer level. It is essentially a tax only on value addition at each stage and a supplier at each stage is permitted to set-off through a tax credit mechanism.Under GST structure, all different stages of production and distribution can be interpreted as a mere tax pass through and the tax essentially sticks on final consumption within the taxing jurisdiction. Objective behind GST a) The incidence of tax only falls on domestic consumption.b) The efficiency and equity of the system is optimized.c) There should be no export of taxes across taxing jurisdictions.d) The Indian market should be integrated into a single common market.e) It enhances the cause of co-operative federalism. Our...more
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