The Constitution of India divides the subjects matters into three lists. 1. Centre List: Only Centre Government can make law or levy tax 2. State List: Only State governments can make law or levy taxes 3. Concurrent List: Both Centre and state government can make law and levy taxes Financial Powers of Centre and State Governments are decided accordingly. Centre has the powers to levy tax on the manufacture of goods (except alcoholic liquor for human consumption Air Max 1 CZ , opium, narcotics etc.) called excise duty Centre alone can levy duty on import and export of goods i.e. Customs Duty. Additional Customs Duty is levied by the Central government to offset the local taxes mainly excise duty. Centre government alone is empowered to levy service tax. States have the powers to levy tax on sale of goods within the state and many other taxes like octorai, entertainment tax etc. In case of inter-State sales, the Centre has the power to levy a tax (the Central Sales Tax) but Nike Air Huarache CZ , the tax is collected and retained entirely by the originating States.
GST was implemented after the amendment in Constitution. Accordingly GST was brought to the concurrent list so that all center and state governments are empowered to levy and collect the GST. GST consumes several taxes into one as shown in the figure below. Figure 1: The taxes consumed under GST GST is a destination based tax where the tax is collected at the point of consumption and goes to the state where it is consumed rather than where it is produced. The greatest benefit of GST is that now there will be one tax for the entire country and India would thus become a single market. GST Provides several benefits to the trade as well as to the consumers, which are listed as following. Benefits to Citizens: (i) Simpler tax system (ii) Reduction in prices of goods and services due to elimination of cascading (iii) Uniform prices throughout the country (iv) Transparency in taxation system (v) Increase in employment opportunities Benefits to TradeIndustry: (i) Reduction in multiplicity of taxes (ii) Mitigation of cascadingdouble taxation (iii) More efficient neutralization of taxes especially for exports (iv) Development of common national market (v) Simpler tax regime-fewer rates and exemptions Benefits to CentralState Governments: (i) A unified common national market to boost Foreign Investment and 鈥淢ake in India鈥?campaign (ii) Boost to exportmanufacturing activity, generation of more employment, leading to reduced poverty and increased GDP growth (iii) Improving the overall investment climate in the country which will benefit the development of states (iv) Uniform SGST and IGST rates to reduce the incentive for tax evasion (v) Reduction in compliance costs as no requirement of multiple record keeping Know More GST Return In India.
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It is presumed that around seventy percent of all teenagers and young adults suffer from some forms of acne. However Nike Air VaporMax CZ , men and women in their mid ages can also suffer from acne. Though the exact cause of acne remains unclear, more is known about how the spots and blemishes which are part of acne form. Of late, there are innumerable numbers treatments to help deal with this distressing condition.
Acne is not a common complaint; it is known to be a source of considerable emotional distress and social embarrassment. How ever, there are a large numbers of acne treatment options to tackle this problem.
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