GST will be expected to be reality in INDIA this july, so i tried to explain some basic concepts of GST in my previous video and in this video i am discussing about Impact of GST on your Dream car. Is car prices gonna increase or decrease, all you will came to know in this video.
If you missed basics of GST video, you can watch it here :- • What is GST | Basics o...
Objective of GST:-
Usher in single rate of tax
Uniform tax across the country
Reduce cascading effect of taxes
Principle of ‘consumption-based taxation’
Components of GST
Central GST (CGST) - Levy on supply of ALL goods and/ or services within a particular State, by the Central Government
State GST (SGST) - Levy on supply of ALL goods and/ or services within a particular State, by the respective State Government
Integrated GST (IGST) - Levy on ALL inter-State supplies of goods and/ or services, by the Central Government
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