|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:abbreviation
|
gptkb:GST
|
|
gptkbp:administeredByInIndia
|
gptkb:GST_Council
|
|
gptkbp:appliesTo
|
gptkb:Australia
gptkb:Canada
gptkb:Hong_Kong
gptkb:India
gptkb:Malaysia
gptkb:New_Zealand
gptkb:Singapore
|
|
gptkbp:compositionSchemeInIndia
|
available for small taxpayers
|
|
gptkbp:dataCollected
|
supply of goods
supply of services
|
|
gptkbp:destinationBasedTax
|
true
|
|
gptkbp:excludes
|
healthcare services
education services
essential goods
|
|
gptkbp:filingMethod
|
monthly
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Goods and Services Tax
|
|
gptkbp:impact
|
increased tax compliance
reduced tax cascading
simplified indirect tax structure
|
|
gptkbp:inputTaxCredit
|
available
|
|
gptkbp:introducedIn
|
2017
|
|
gptkbp:legislationInIndia
|
gptkb:Constitution_(One_Hundred_and_First_Amendment)_Act,_2016
|
|
gptkbp:notableCollection
|
gptkb:government
state governments
|
|
gptkbp:penalty
|
applicable
|
|
gptkbp:purpose
|
tax on supply of goods and services
|
|
gptkbp:rateInAustralia
|
10%
|
|
gptkbp:rateInCanada
|
5%
|
|
gptkbp:rateInIndia
|
5%
12%
28%
18%
|
|
gptkbp:rateInMalaysia
|
6%
|
|
gptkbp:rateInNewZealand
|
15%
|
|
gptkbp:rateInSingapore
|
8%
|
|
gptkbp:rateVariesByCountry
|
true
|
|
gptkbp:registrationThresholdInIndia
|
₹20 lakh for services
₹40 lakh for goods
|
|
gptkbp:replacedTaxesInIndia
|
service tax
central excise duty
state VAT
|
|
gptkbp:returnsFiledOnline
|
true
|
|
gptkbp:revenueSharingInIndia
|
between center and states
|
|
gptkbp:reverseChargeMechanism
|
applicable in some cases
|
|
gptkbp:type
|
value-added tax
|
|
gptkbp:bfsParent
|
gptkb:GST
gptkb:Passage_of_GST_Bill
gptkb:Article_246A
gptkb:Article_269A
gptkb:Central_Excise_Duty
gptkb:Entry_Tax
gptkb:GST_Amendment
gptkb:Service_Tax
gptkb:The_Constitution_(One_Hundred_and_First_Amendment)_Act,_2016
gptkb:taxe_sur_les_produits_et_services_(TPS)
gptkb:Vat
gptkb:Excise_Tax_Act
gptkb:GST/HST_credit
gptkb:State_VAT
|
|
gptkbp:bfsLayer
|
6
|