Revolutionary Raja Ram for Tax & Economic Reforms
about 1 year ago
Ever wondered how complex sounding 'GST' can be decoded? Here's your guide to break it down: 1. Start With 'Why': What is GST and why was it implemented? Understand its purpose before diving in.
2. Know the Law: Read up on CGST, SGST, IGST, and UTGST. They are not just acronyms, they form the backbone of GST. "3. Tax Slabs: There are different slabs ranging from 0% to 28%. Get your hands dirty and learn about them.
4. Input Tax Credit (ITC): One of the pillars of GST. Get a clear understanding of how it works. "5. Filing GST Returns: Learn about different types of returns, who should file them and when.
6. Practical Knowledge: Try filing a dummy return, get acquainted with the process. Remember, learning begins with curiosity. So, be curious, ask questions, keep learning.
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