CA IPCC Topper Interview Nov 2016 (Rekha Suthar) Speaking on her success, Ms. Rekha has stated that, following ICAI Study Materials and Practice Manuals have helped here succeed in the CA IPCC Exams. Most important point you should remember while preparing for Taxation is, NEVER READ A BULK OF SYLLABUS IN A SINGLE DAY. Taxation is a tricky subject who should be prepared over a period of time. Don’t finish topics in a single stretch. For that day you may feel like you got that but after a week, everything comes to the starting point. Slow and Steady. How are you feeling right now? It is a surprising moment for me and I am extremely happy for it. How did you hear this news that you are AIR Rank 1 & what was your parent’s reaction? I am not the first one to know that I am the topper. I actually came to know about it through my professor. Who called me and shared this. He was very proud. My mom started crying and my father was shocked when they heard this from me....
India is marching towards the progress with the lightning speed. After the demonetization , the GST bill is one the biggest tax reforms in India since the independence. The GST bill is supposed to boost up the Indian economy is coming years. According to the GST bill, all the complex and multiple indirect taxes were replaced by one ultimate tax which is GST. We have written this article in simple English language to make you aware of whatever you wanted to know about the GST and its various aspects like its meaning, definition, impacts, benefits, advantages, flaws, disadvantages etc. GST created a buzz in the Indian economic market for sure and news media covering it to the fullest, we can see that GST going to be one of the top topics for speech, essay competitions for commerce stream students, UPSC, SBI PO type of higher exams can also you can expect essays on this topic. I think you should expect Impact, Risk, Effect History, Evolution of Demonetization and GS...
WHY IS GST A BIG DEAL? GST is a comprehensive, multi-stage, destination-based consumption tax on levied at every stage of value addition in the lifecycle of a product. To understand this better, let us look at each of the terms in detail: Comprehensive: GST will subsume all of the current indirect taxes. Plus, by bringing in a unified taxation system, across the country, it will ensure that there is no more arbitrariness in tax rates. Multi-stage: GST is levied each stage in the supply chain, where a transaction takes place. Value-addition: This is the process of addition to the value of a product/ service at each stage of its production, exclusive of initial costs. Under GST, the tax is levied only on the value added. This is done through Destination-based consumption: Unlike the current indirect taxes, GST will be collected at the point of consumption. The taxing authority with appropriate jurisdiction in the place where the goods/ services are finally consumed will collect...
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