GST is a consumption based taxlevy. It is based on the “Destination principle.” GST is applied on goods and services at the place where finalactual consumption happens. GST is collected on value-added goods and services at each stage of sale or purchase in the supply chain. GST paid on the procurement of goods and services can be set off against that payable on the supply of goods or services. The manufacturer or wholesaler or retailer will pay the applicable GST rate but will claim back through tax credit mechanism. But being the last person in the supply chain [url=http://www.patriotsfootballpro.com/Martellus-Bennett-Patriots-Jersey/]Martellus Bennett Vapor Untouchable Jersey[/url] , the end consumer has to bear this tax and so, in many respects, GST is like a last-point retail tax. GST is going to be collected at point of Sale.
The GST is an indirect tax which means that the tax is passed on till the last stage wherein it is the customer of the goods and services who bears the tax. This is the case even today for all indirect taxes but the difference under the GST is that with streamlining of the multiple taxes the final cost to the customer will come out to be lower on the elimination of double charging in the system.
Let us understand the above supply chain of GST with an example:
The current tax structure does not allow a business person to take tax credits. There are lot of chances that double taxation takes place at every step of supply chain. This may set to change with the implementation of GST.
Indian Government is opting for Dual System GST. This system will have two components which will be known as
Central Goods and Service Tax (CGST) and
State Goods and Service Tax (SGST).

The current taxes like Excise duties, service tax [url=http://www.patriotsfootballpro.com/Elandon-Roberts-Patriots-Jersey/]Elandon Roberts Vapor Untouchable Jersey[/url] , custom duty etc will be merged under CGST. The taxes like sales tax, entertainment tax, VAT and other state taxes will be included in SGST.
So, how is GST Levied?
GST will be levied on the place of consumption of Goods and services. It can be levied on :
Intra-state supply and consumption of goods & services
Inter-state movement of goods
Import of Goods & Services

GST-Goods and services Tax is a comprehensive tax levyon manufacture [url=http://www.patriotsfootballpro.com/Adam-Butler-Patriots-Jersey/]Adam Butler Vapor Untouchable Jersey[/url] , sale and consumption of goods ans servivces at a mnational level. One of the biggest taxation reforms in india the goods and services Tax is all set to integrate state economies and boost overall growth.
The system will change from the current production-based taxation to being consumption-based. Along with bringing about a semblance of uniformity in taxes across states, this is expected to increase efficiency and compliance in the system.
Get More Information GST Enrollment in India.

TIRANA, June 24 (Xinhua) -- Albania and Italy intended to strengthen cooperation and partnership in the fields of agriculture and agribusiness, Albanian Daily News reported on Wednesday.

The Albanian Agribusiness Council (KASH) and the Italian Confederation of Farmers (ICF) signed here a bilateral cooperation agreement [url=http://www.patriotsfootballpro.com/Mike-Gillislee-Patriots-Jersey/]Mike Gillislee Vapor Untouchable Jersey[/url] , which included visit exchanges between the two groups.

Under the agreement, the ICF will provide knowhow and services to the Albanian side on quality certification, product traceability, food safety [url=http://www.patriotsfootballpro.com/Rex-Burkhead-Patriots-Jersey/]Rex Burkhead Vapor Untouchable Jersey[/url] , and promotion of agricultural products.

The agreement aimed to create conditions for the development of economic and commercial relations between Albania and Italy and to boost trade between the two countries, said KASH chairman Agim Rrapaj.

Another important point of this agreement was to establish cooperation between the two organizations on international agricultural issues of common interest, said ICF President Secondo Scanavino after signing the agreement.

NAIROBI, June 11 (Xinhua) -- Kenya is projected to produce 45 [url=http://www.patriotsfootballpro.com/Lawrence-Guy-Patriots-Jersey/]Lawrence Guy Vapor Untouchable Jersey[/url] , 000 metric tonnes of coffee in 2015, which is a marginal decline from last year's 49,000 metric tonnes due to cyclical nature of the crop, the coffee regulator said Thursday.

Agriculture Food Fisheries Authority (AFFA) Interim Head of Coffee Directorate Grenville Melli told an agricultural forum in Nairobi that exports will hit 46 [url=http://www.patriotsfootballpro.com/Stephon-Gilmore-Patriots-Jersey/]Stephon Gilmore Vapor Untouchable Jersey[/url] ,000 MT as some of last years stocks will be exported this year.

"Earnings are set to increase from the 190 million U.S. dollars achieved in 2014 to 210 million dollars in 2015 as a result of the depreciating Kenya shilling as well as higher international coffee prices," Melli said during the Annual Coffee Stakeholders workshop.

He said currently the average price of Kenyan coffee at the international market is 200 U.S. dollars per 50 kilograms, up from 150 dollars in 2014. He also added that 95 percent of Kenya coffee production is exported, leaving only five percent for local consumption.

"We are implementing measures to increase local coffee consumption from five to ten percent in the next three years [url=http://www.patriotsfootballpro.com/Dwayne-Allen-Patriots-Jersey/]Dwayne Allen Vapor Untouchable Jersey[/url] ," said Melli.

Government data indicated that Germany is the largest market for Kenyan coffee, taking up 25 percent of all exports. Other key markets are U.S. and Canada, which jointly consume 16 percent while Belgium absorbs six percent of Kenya's coffee.

Melli said Kenya is also eyeing China as a potential market for the country's coffee.

"We are going to have an exploratory mission in November to access the consumption patterns of the Chinese market," he said.

Coffee contributes one percent of the East African nation's Gross Domestic Product. Kenya has traditionally exported semi- processed coffee as little value addition is carried out in the country.

In order to boost the industry earnings [url=http://www.patriotsfootballpro.com/Trey-Flowers-Patriots-Jersey/]Trey Flowers Vapor Untouchable Jersey[/url] , the government also liberalized the milling and marketing of coffee.

Coffee Directorate Interim Manager in charge of Regulatory and Compliance Enosh Akuma said that land under coffee production has declined from 170,000 hectares to 110,000 hectares currently, adding that fluctuating international prices has contributed to decreased coffee production.

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