A book titled as “Guide to Concept of GST” authored by Ajay Jagga, a local lawyer, was successfully launched, in public domain at a ceremony held at Chandigarh.
Hon’ble Mr. Justice Shekher Dhawan, Judge, Punjab & Haryana High Court, was the Chief Guest and the Hon’ble Mr. Justice A N Jindal, Chairman, Punjab VAT Tribunal, Sh. Ajit Balaji Joshi, DC Chandigarh, Sh K J Chaudhry, Chief Commissioner, Central Excise Zone and Sh. Rajat Gautam were the Guests of Honour. The Chief guest and the guests of honour spoke abour the GST and conveyed their views that is likely to ease our the taxation structure.
The Book explains that at present the indirect taxes are imposed on goods by the State and on services by the Cental Government. These include excise duty, sales tax, service tax, octroi, customs duty etc. Some of these taxes are levied by the centre and some by the states. For taxes imposed by states, the tax rates may vary across different states. Also, goods and services are taxed differently.
The Goods and Services Tax (GST) is a value added tax levied across goods and services at the point of consumption. The idea of a GST regime is to subsume most indirect taxes under a single taxation regime. This is expected to help broaden the tax base, reduce work load of department & businessmen, increase tax compliance, and reduce economic distortions caused by inter-state variations in taxes. It will be extremely transparent and remove the confusion of the consumers.
GST Book Release : Ajay Jagga, Author, Sh Ajit Balaji Joshi, DC, UT, Justice A N Jindal, Justice Shekher Dhawan, Sh. K J Chaudhry, Chief Commissioner, Central Excise Zone, Sh. Rajat Gautam, Chairman, Bar Council of Punjab & Haryana
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