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10 Lines on Bedroom in English

  10 Lines on Bedroom in English 1) A room for sleeping is called a bedroom. 2) It is also a place of getting relax. 3) It is a very important place for everyone. 4) 1/3rd of our life is spent in our bedroom. 5) Bedroom is like a charging place for us. 6) Our mind and body get recharged in a bedroom. 7) Bedroom should be well organized. 8) Furniture in a bedroom includes a wardrobe, bed frame, mattress, etc., 9) A bedroom can be used for reading also. 10) In some houses a bedroom may serve as a place for meditation. Also read: 10 Lines on Wrist Watch in English Also read: Essay writing on global warming history Also read: Flood in Assam Essay: For Students and Children in 500 Words Also read: 10 Lines on Arctic Tern in English Also read: 10 Lines on Veena in English Also read: 10 Lines on Dal Bati Churma THANK YOU SO MUCH

GST how will it work in india?



GST how will it work in india?

 What is GST? 
• Central taxes replaced by GST Bill and state taxes subsumed by it. 
• The Lok Sabha passed the GST Bill. 
• Provisions of the Bill. 
• Benefits of GST 
(i) For Industries and Businesses. 
(ii) For Central and State Governments. 
(iii) For the Consumers 

Goods and services tax (GST) is an indirect tax when a customer buys a good or service. The current tax situation in India is covered by various types of indirect taxes, which aims to cover all these taxes with a comprehensive tax in a comprehensive India under the same umbrella. The bill aims to remove cascading offices at the cost of production and distribution of goods and services.

Taxes have a wide-ranging impact on the various fees paid by the state and central government. This tax structure increases the tax burden on Indian products, influencing their prices and, consequently, selling them on the international market. So the new tax tariff will help promote export. In the changed scenario, the following taxes under the Centers and States will be included in the GST.

Instead of central tax, the GST bill is replaced by a central excise, surcharge on duties and duties, surcharge on customs duty (SAD), service tax and surcharge on the supply of goods and services.


GST bills were received on VAT, central sales tax, purchase tax, tax, luxury tax, entry, entertainment tax, advertisement tax, lottery, betting, gambling, and state tax revenue and surcharge.

The Lok Sabha has passed the Constitution (122nd Amendment) (GST) Bill, 2014 in 8TB. August 27. The bill was passed with a two-thirds majority by voting for that member and with no one voting in the final vote. Introduction to the Lok Sabha.


On May 27, the bill was passed by the Rajya Sabha on August 3, 2016, with 203 votes, and there was none to the contrary. With the passage of this historic GST Bill, the path to the concept of a nation, a tax, has now become easier.


The Central Government has set ambitious targets for abolishing the Goods and Services Tax (GST) from April 1, 2017. This was announced after Union Finance Minister Arun Jaitley unveiled a detailed road map for the implementation of GST. The announcement was made after the passage of the Constitution (122nd Amendment) (GST) Bill, 20.

GST how will it work in india?


Provisions of the Bill.

• The GST will have two components keeping in mind the federal structure of India: the Central GST (CGST) and the State GST (CGST). 
• For goods and services that pass through several states or imports, the Centre will levy another tax, the Integrated GST (IGST). 
• Alcohol for human consumption has been kept out of the purview of GST. 
• It empowers the centre to impose an additional tax of up to 1% on the inter-state supply of goods for two years or more. This tax will accrue to states where the supply originates. 
• Initially, GST will not apply to some products such as petroleum crude, 
high-speed diesel, motor spirit (petrol), natural gas and aviation turbine fuel. The GST Council will decide when GST will be levied on them. 
• Tobacco and tobacco products will be subject to GST. The centre may also impose excise duty on tobacco. 
• Parliament may provide for compensation to states for revenue losses arising out of the implementation of GST for up to 5 years, based on the recommendations of the GST Council. 

Benefits of GST For Industries and Businesses 

• There will be uniformity of tax rates and structures across the country. It will increase certainty and ease of doing business i.e. make it tax neutral, irrespective of the choice of place of doing business in the country. 
• Due to the removal of cascading, it will have a system of seamless tax-credits throughout the value-chain, and across boundaries of States. It will help to reduce the hidden costs of doing business. 
• It would make compliance easy and transparent. The GST regime will have a robust and comprehensive IT system. Therefore, all taxpayer services such as registrations, payments, returns, etc will be available to the taxpayers online. 
• It will reduce transaction costs of doing business that will eventually lead to improved competitiveness for the trade and industry. 
• The subsuming of major Central and State indirect taxes in GST would reduce the cost of locally manufactured goods and services. It will increase the competitiveness of Indian goods and services in the international market and give a boost to Indian exports. 


For central and State Governments. 



• GST Backed with a robust end-to-end IT system will be simpler to administer than all other indirect taxes of the Centre and State levied so far. 

•The robust IT infrastructure of the GST regime will result in better tax compliance that will curb leakages and incentivize tax compliance by traders.

• GST will lead to higher revenue efficiency as it is expected to decrease the cost of collection of tax revenues of the government.

For the consumer

• Single and transparent taxes compared to support services, due to the value of the material of the goods: this will remove many hidden taxes leading to transparency of taxes payable to the end customer.

• Efficiency The overall tax burden of most materials will be reduced as consumers will benefit from achieving efficiency and preventing leakage.

Charges for products and services include all components of the modern, diversified tax regime. However, its success will depend on taking all stakeholders on board and eliminating all the troubles that go against the GST policy. The Goods and Services Tax will also contribute to strong macro-economic parameters, which will boost investor sentiment. Ultimately, consumers will be the ultimate beneficiaries as it will remove the intensifying tax effect.

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