💎💸💰GOODS AND SERVICES TAX ( GST) 💰💸💎

🌀Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services.

🌀 The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is a common tax used by the majority of countries globally.

🌀In India, the idea of adopting GST was first suggested by the Atal Bihari Vajpayee Government in 2000.

☘️GST Council constituted on - 15 September 2016

☘️GST Implemented in India 🇮🇳 - 1st July 2017

☘️GST is an - Indirect Tax ( Consumption based)

☘️GST registration is - PAN based

☘️GST council is headed by - Union Finance Minister ( Nirmala Sitharaman)

☘️The first committee to design GST model was headed by - Asim Das Gupta ( He is from West Bengal)

☘️GST Council Article - 279A

☘️GST Council consists of - 33 Members

☘️GST Amendment - 101 st Amendment

☘️First Country to implement GST - France 🇫🇷

☘️First Indian State to Implement GST - Assam

☘️GST model in India is adopted from which country - Canada 🇨🇦 ( Dual GST model)

☘️Highest GST collected in - January 2022 since 2017

☘️Total GST collected in January 2022 - ₹ 140986 Crore

☘️GSTIN / GST identification number - 15 digit PAN based unique identification number.

⭕〽️TYPES OF GST 〽️⭕

💰Central Goods and Services Tax : CGST is charged on the intra state supply of products and services.

💰State Goods and Services Tax : SGST, like CGST, is charged on the sale of products or services within a state.

💰Integrated Goods and Services Tax : IGST is charged on inter-state transactions of products and services.

💰Union Territory Goods and Services Tax : UTGST is levied on the supply of products and services in any of the Union Territories in the country, viz. Andaman and Nicobar Islands, Daman and Diu, Dadra and Nagar Haveli, Lakshadweep, and Chandigarh. UTGST is levied along with CGST.

🌸 Credit - Lakshya Khare 🌸

🥳🥳 STATE GOVERNMENT SCHEMES 🥳🥳

😻APRIL 2022

❇️ Madhya Pradesh (MP) Chief Minister, Shivraj Singh Chouhan launched ‘Mukhyamantri Udyam Kranti
Yojana’ at Kushabhau Thakre International Convention Center to give loan up to Rs 50 Lakhs with
subsidized interest rate for self-employment.

❇️ Uttarakhand Government is set to implement the ‘Him Prahari’ Scheme which is meant for ex￾servicemen and youngsters to stop the migration of people from Uttarakhand.

😻MARCH 2022

❇️ Chief Minister (CM) of Chhattisgarh Bhupesh Baghel launched the ‘Kaushalya Matritva Yojana’ by
handing cheques of Rs 5,000 each to five women beneficiaries for the safe motherhood practices.

❇️ Chief Minister of Sikkim, Prem Singh Tamang has announced that will implement ‘Aama Yojna’, a
scheme for helping non-working mothers & ‘Bahini Scheme’ benefitting girl students of the state.

❇️ Tamil Nadu Chief Minister M. K. Stalin launched a skill development scheme for the students named
“Naan Muthalvan- Ulagai Vellum Ilaiya Tamilagam” to improve the educational skills, knowledge,
talent, and efficiency of 10 lakh young people annually.

❇️ Tripura announced a special scheme ‘Mukhyamantri Chaa Srami Kalyan Prakalpa’, allotting Rs. 85
crores for its implementation to bring the 7000 tea garden workers of Tripura under social security
net.

😻FEBRUARY 2022

❇️ “Rajiv Gandhi Grameen Bhumiheen Krishi Mazdoor Nyay Yojana”, financial assistance scheme of
the Chhattisgarh government for landless labourers of rural areas of Chhattisgarh was launched.

❇️ West Bengal government launched ‘Paray Shikshalaya’ (Neighbourhood Schools), an open-air
classroom programme for students from classes 1 to 7.

❇️ Kerala Startup Mission (KSUM) collaborated with Google to launch Google for Startups
Accelerator, India to attach native startups with the worldwide startups and to leverage Google’s
programme.