|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:administeredBy
|
gptkb:Central_Board_of_Indirect_Taxes_and_Customs_(India)
|
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gptkbp:amendedBy
|
gptkb:101st_Amendment_(India)
|
|
gptkbp:appliesTo
|
gptkb:Australia
gptkb:Canada
gptkb:India
gptkb:New_Zealand
gptkb:Singapore
businesses above threshold turnover
|
|
gptkbp:composition
|
available for small taxpayers
|
|
gptkbp:compositionSchemeRate
|
1% (traders)
5% (restaurants)
2% (manufacturers)
|
|
gptkbp:digitalPayment
|
encouraged
|
|
gptkbp:eWayBill
|
required for movement of goods above threshold
|
|
gptkbp:excludes
|
educational services
healthcare services
essential goods
|
|
gptkbp:filingMethod
|
annually
monthly
quarterly
|
|
gptkbp:fullName
|
gptkb:Goods_and_Services_Tax
|
|
gptkbp:governedBy
|
gptkb:GST_Council_(India)
|
|
gptkbp:hasComponent
|
gptkb:CGST
gptkb:IGST
gptkb:SGST
gptkb:UTGST
|
|
gptkbp:impact
|
increased tax compliance
reduced tax evasion
simplified tax structure
|
|
gptkbp:inputTaxCredit
|
available
not available for blocked credits
|
|
gptkbp:introducedInIndiaOn
|
1 July 2017
|
|
gptkbp:leviedBy
|
supply of goods
supply of services
|
|
gptkbp:notableCollection
|
gptkb:government
state governments
|
|
gptkbp:objective
|
create a unified national market
eliminate cascading effect of taxes
|
|
gptkbp:penalty
|
gptkb:interest
cancellation of registration
late fee
|
|
gptkbp:rateStructure
|
multiple rates
|
|
gptkbp:rating
|
5%
0%
12%
28%
18%
|
|
gptkbp:replacedBy
|
purchase tax
luxury tax
multiple indirect taxes
service tax
central excise duty
advertisement tax
VAT (Value Added Tax)
central sales tax
entertainment tax
entry tax
lottery tax
octroi
|
|
gptkbp:requires
|
gptkb:GSTIN_(Goods_and_Services_Tax_Identification_Number)
GST registration
|
|
gptkbp:result
|
gptkb:GSTR-1
gptkb:GSTR-3B
gptkb:GSTR-9
GSTR-10
GSTR-11
GSTR-4
GSTR-5
GSTR-6
GSTR-7
GSTR-8
|
|
gptkbp:reverseChargeMechanism
|
applicable in certain cases
|
|
gptkbp:thresholdTurnoverIndia
|
₹20 lakh (services)
₹40 lakh (goods)
|
|
gptkbp:type
|
gptkb:indirect_tax
|
|
gptkbp:website
|
https://www.gst.gov.in/
|
|
gptkbp:bfsParent
|
gptkb:New_Zealand_economy
|
|
gptkbp:bfsLayer
|
7
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
GST (Goods and Services Tax)
|