By Hasmukh Adhia<\/a><\/strong>
\n
After a long wait of 10 years, the goods and services tax (
GST<\/a>) is now a reality. Most of the work required for implementation of GST from July 1 has been completed. Trade and industry outreach programmes are in full swing. It is time now to reflect on the possible benefits of this new tax regime to trade and industry, to consumers, to the government and to the entire economy.
\n
\nThe prime benefit of GST is that India will become a common market. One product or service will have a single tax rate in any part of the country. The multiplicity of taxes on the same commodity or service will now go.
\n
\nNo more taxes that are barriers to industry such as octroi or entry tax. This obviously means that trade and industry will have a much lesser compliance burden compared with the current regime in which they have to file different returns with different authorities for different taxes. The consumers also would better understand the total incidence of tax on the product or the service they are buying.
\n
The total incidence of taxation on a product or service is likely to come down for most items. This will happen because of the removal of cascading of taxation, and availability of seamless flow of credit across the
value chain<\/a>. If goods are produced in which services are used, the input tax credit of taxes paid on services will be available and vice versa.
\n
\nAlso, there is a provision in the GST law that, by chance, if taxes paid on the inputs are more than the tax rate of the output liability, refunds will also be given except in certain items such as work contracts. Such a scientific system of taxation removes all hidden taxes and brings down the overall burden of taxes. This will benefit consumers immensely.
\n
GST is going to be a big milestone for
Make in India<\/a> also. Today, when goods are imported, there is a levy of countervailing duty (CVD), which is equivalent to excise duty paid by the domestic manufacturers of the same product. In many cases, there are CVD exemptions even where local goods attracted excise duty. Under GST, all these exemptions will go away.
\n
\nAlso, while local manufacturers of goods pay full value added tax (VAT) in addition to excise, imported goods attract only 4 per cent special additional duty. This also gave negative protection to domestic manufacturers of goods.
\n
\nUnder the GST regime, all goods that are imported will pay the full rate of central+state GST in the form of integrated or IGST. That will provide a complete level playing field to domestic manufacturers vis-à-vis imported goods. Of course, importers can use this IGST credit to discharge their liability for CGST and SGST when the same goods are sold within the country.
\n
\nAlso, GST is likely to promote exports from India. When goods are exported, the taxes paid on those products within the country are supposed to be fully refunded. While there is a system of duty drawback today by which central taxes paid on exported items are refunded, the same is not true of VAT paid on the inputs of exported items.
\n
\nThere are many states that either do not refund VAT paid on exports or give such refunds after one or two years. Under the new GST regime, the entire refund of CGST or SGST paid on inputs of exported items will be fully paid by a single authority--either the state government or the central government.
\n
\nIt is also decided that 90 per cent of refunds will be given provisionally within seven days of receiving the complete application for online refunds. Also, for special economic zones (SEZs), there is a provision to bring goods from abroad or from domestic tariff area without payment of IGST. This means that as far as SEZs are oncerned, there will be no blockage of working capital. With exports being boosted, Make in India will also get a big lift.
\n
\nGST, being an end-to-end IT-enabled tax system, is expected to bring buoyancy to government revenue. This will happen because of the attraction of taking input tax credit by purchasing goods from registered dealers, which will incentivise everyone to come into the tax net. Also, there will be a reduction in refund frauds or input tax frauds because of invoice-wise matching of B2B transactions.
\n
\nA question is raised by many--'How is it possible that consumers will pay less under GST and the government will also gain?' They say that if the government is gaining, obviously the consumers will pay more! Let me explain this properly. Today there are dealers who try to remain outside the tax chain and pocket the benefits of taxes not paid while keeping the consumer price the same as tax-paid goods.
\n
\nThese traders are pocketing the benefits of tax evasion while the government is deprived of revenue and consumers are also not benefited.
\n
\nWhen this activity of tax theft will go away under GST, both consumers as well as the government will gain. So basically, the extra revenue of the government will not come from the consumers' pocket but from reduction of tax theft.
\n
\n(Hasmukh Adhia is the Revenue Secretary, Government of India)<\/em>\n\n<\/body>","next_sibling":[{"msid":58851392,"title":"Are the gadgets you use slowing down? Here's how to keep your digital devices in top shape","entity_type":"ARTICLE","link":"\/news\/are-the-gadgets-you-use-slowing-down-heres-how-to-keep-your-digital-devices-in-top-shape\/58851392","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58851474,"entity_type":"ARTICLE","title":"How Goods and Service tax will benefit the nation","synopsis":"One product or service will have a single tax rate in any part of the country, the multiplicity of taxes on the same commodity or service will now go.","titleseo":"telecomnews\/how-goods-and-service-tax-will-benefit-the-nation","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET CONTRIBUTORS","artdate":"2017-05-26 09:23:45","lastupd":"2017-05-26 09:26:30","breadcrumbTags":["Service tax","policy","Hasmukh Adhia","value chain","make in India","GST"],"secinfo":{"seolocation":"telecomnews\/how-goods-and-service-tax-will-benefit-the-nation"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-05-26" data-index="article_1">

商品和服务税有利于国家如何

一个产品或服务将会有一个单一税率的任何部分国家,税率相同的商品或服务的多样性将现在去。

  • 更新2017年5月26日09:26点坚持
通过Hasmukh Adhia

十年的漫长的等待后,商品及服务税(销售税)现在是一个现实。大部分工作所需实现的销售税从7月1日已经完成。贸易和工业推广计划全面展开。现在是时候反思这个新的税收制度的好处有贸易和行业,消费者,政府和整个经济。

销售税的主要好处是,印度将成为一个共同市场。一个产品或服务有一个单独的税率在任何国家的一部分。税相同的商品或服务的多样性将现在去。

没有更多的税,行业壁垒如货物入市税或入口税。这显然意味着贸易和工业将小得多合规负担与当前政权相比,他们必须文件不同的回报与不同部门不同的税收。消费者也会更好地理解税收的总发生率在他们购买产品或服务。

税收对某种产品或服务的总发生率可能会下来对于大多数项目。这将会发生,因为级联删除的税收,和可用性的无缝的信贷流动价值链。如果使用商品的生产服务,税收支付的进项税信贷服务可用,反之亦然。

消费税法律中也有一个规定,偶然的机会,如果税收输入多输出的税率责任,退款也将给除了某些项目,如工作合同。这样一个科学系统的税收会删除所有隐藏的税收和降低了整体的税收负担。这将非常有利于消费者。

销售税将是一个巨大的里程碑在印度也。今天,当货物进口,征收的反补贴税(CVD),相当于消费税由国内制造商支付相同的产品。在许多情况下,甚至有CVD豁免当地商品吸引了消费税。根据销售税,所有这些豁免将消失。

同时,当地的制造商的商品支付全额增值税(增值税)除了消费税,进口商品吸引只有4%特殊额外的责任。这也给国内制造商的消极保护商品。

消费税税收制度下,所有进口货物将支付全价的中央+国家销售税的形式或IGST集成。提供一个完整的公平竞争相对于进口商品的国内制造商。当然,进口商可以使用这个IGST信贷CGST履行他们的责任和今天相同的产品在国内销售。

此外,销售税从印度可能会促进出口。当货物出口时,税收支付这些产品在国内应该是全部退还。今天虽然是一个系统的退税的出口中央税收返还,相同的增值税支付是不正确的输入输出项。

有许多国家对出口不退还增值税支付或给这样的退款后一年或两年。根据新的销售税制度,整个退款CGST或今天支付出口商品的输入将完全由一个权威——政府或中央政府。

也决定,90%的退款将暂时收到七天内完成在线申请退款。也为经济特区,(经济特区),有一个条款将货物从国外或国内没有支付IGST关税区域。这意味着只要经济特区oncerned,不会有堵塞的营运资本。出口是推动,使在印度也会得到很大的提升。

销售税,一个端到端的it驱动的税收系统,预计将带来浮力政府收入。这将会发生,因为吸引力的进项税信贷通过购买货物从注册经销商,这将激励大家进入净税收。也会有退款的减少欺诈行为或输入税务欺诈,因为invoice-wise匹配的B2B交易。

许多提出的一个问题是:“怎么可能,消费者将支付销售税和政府还将获得下少吗?他们说,如果政府获得,显然,消费者会花更多的钱!让我解释这正常。今天有经销商,他们尽量保持税收链和外袋税的好处不支付,同时保持消费者价格一样的货物税。

这些交易员中饱私囊的好处逃税而政府剥夺了收入和消费者也不是受益。

当这个活动的税收盗窃将消失在销售税,消费者以及政府将获得。所以基本上,政府的额外收入不会来自消费者的口袋里,但从减少税收盗窃。

(Hasmukh Adhia收入秘书,印度政府)
  • 于2017年5月26日09:23坚持
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By Hasmukh Adhia<\/a><\/strong>
\n
After a long wait of 10 years, the goods and services tax (
GST<\/a>) is now a reality. Most of the work required for implementation of GST from July 1 has been completed. Trade and industry outreach programmes are in full swing. It is time now to reflect on the possible benefits of this new tax regime to trade and industry, to consumers, to the government and to the entire economy.
\n
\nThe prime benefit of GST is that India will become a common market. One product or service will have a single tax rate in any part of the country. The multiplicity of taxes on the same commodity or service will now go.
\n
\nNo more taxes that are barriers to industry such as octroi or entry tax. This obviously means that trade and industry will have a much lesser compliance burden compared with the current regime in which they have to file different returns with different authorities for different taxes. The consumers also would better understand the total incidence of tax on the product or the service they are buying.
\n
The total incidence of taxation on a product or service is likely to come down for most items. This will happen because of the removal of cascading of taxation, and availability of seamless flow of credit across the
value chain<\/a>. If goods are produced in which services are used, the input tax credit of taxes paid on services will be available and vice versa.
\n
\nAlso, there is a provision in the GST law that, by chance, if taxes paid on the inputs are more than the tax rate of the output liability, refunds will also be given except in certain items such as work contracts. Such a scientific system of taxation removes all hidden taxes and brings down the overall burden of taxes. This will benefit consumers immensely.
\n
GST is going to be a big milestone for
Make in India<\/a> also. Today, when goods are imported, there is a levy of countervailing duty (CVD), which is equivalent to excise duty paid by the domestic manufacturers of the same product. In many cases, there are CVD exemptions even where local goods attracted excise duty. Under GST, all these exemptions will go away.
\n
\nAlso, while local manufacturers of goods pay full value added tax (VAT) in addition to excise, imported goods attract only 4 per cent special additional duty. This also gave negative protection to domestic manufacturers of goods.
\n
\nUnder the GST regime, all goods that are imported will pay the full rate of central+state GST in the form of integrated or IGST. That will provide a complete level playing field to domestic manufacturers vis-à-vis imported goods. Of course, importers can use this IGST credit to discharge their liability for CGST and SGST when the same goods are sold within the country.
\n
\nAlso, GST is likely to promote exports from India. When goods are exported, the taxes paid on those products within the country are supposed to be fully refunded. While there is a system of duty drawback today by which central taxes paid on exported items are refunded, the same is not true of VAT paid on the inputs of exported items.
\n
\nThere are many states that either do not refund VAT paid on exports or give such refunds after one or two years. Under the new GST regime, the entire refund of CGST or SGST paid on inputs of exported items will be fully paid by a single authority--either the state government or the central government.
\n
\nIt is also decided that 90 per cent of refunds will be given provisionally within seven days of receiving the complete application for online refunds. Also, for special economic zones (SEZs), there is a provision to bring goods from abroad or from domestic tariff area without payment of IGST. This means that as far as SEZs are oncerned, there will be no blockage of working capital. With exports being boosted, Make in India will also get a big lift.
\n
\nGST, being an end-to-end IT-enabled tax system, is expected to bring buoyancy to government revenue. This will happen because of the attraction of taking input tax credit by purchasing goods from registered dealers, which will incentivise everyone to come into the tax net. Also, there will be a reduction in refund frauds or input tax frauds because of invoice-wise matching of B2B transactions.
\n
\nA question is raised by many--'How is it possible that consumers will pay less under GST and the government will also gain?' They say that if the government is gaining, obviously the consumers will pay more! Let me explain this properly. Today there are dealers who try to remain outside the tax chain and pocket the benefits of taxes not paid while keeping the consumer price the same as tax-paid goods.
\n
\nThese traders are pocketing the benefits of tax evasion while the government is deprived of revenue and consumers are also not benefited.
\n
\nWhen this activity of tax theft will go away under GST, both consumers as well as the government will gain. So basically, the extra revenue of the government will not come from the consumers' pocket but from reduction of tax theft.
\n
\n(Hasmukh Adhia is the Revenue Secretary, Government of India)<\/em>\n\n<\/body>","next_sibling":[{"msid":58851392,"title":"Are the gadgets you use slowing down? Here's how to keep your digital devices in top shape","entity_type":"ARTICLE","link":"\/news\/are-the-gadgets-you-use-slowing-down-heres-how-to-keep-your-digital-devices-in-top-shape\/58851392","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58851474,"entity_type":"ARTICLE","title":"How Goods and Service tax will benefit the nation","synopsis":"One product or service will have a single tax rate in any part of the country, the multiplicity of taxes on the same commodity or service will now go.","titleseo":"telecomnews\/how-goods-and-service-tax-will-benefit-the-nation","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET CONTRIBUTORS","artdate":"2017-05-26 09:23:45","lastupd":"2017-05-26 09:26:30","breadcrumbTags":["Service tax","policy","Hasmukh Adhia","value chain","make in India","GST"],"secinfo":{"seolocation":"telecomnews\/how-goods-and-service-tax-will-benefit-the-nation"}}" data-news_link="//www.iser-br.com/news/how-goods-and-service-tax-will-benefit-the-nation/58851474">