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GST Ready Business Software, Financial Software and Accounting Android Mobile Apps - ZipBooks Toggle navigation Sign In Home About Us GST Overview Executive Summary Current Taxation System & GST Model GST Impact and Readiness with ERP Highlights Features Accounts Inventory Purchase Sales CRM Pricing Partnership Overview Locate Our Partners Career Contact GST Overview ‘One nation, one tax, one rate’ will be the new Identity of India. Goods and Service tax (GST) in India is hyped as the single largest tax reform since independence. It I unscientific to uplift GDP by 1.5 to 2%. The benefits of simplified compliance, technological valuables and uniform process all over will contribute significantly the 'Ease of doing Business' while moreover bringing-in tax compliance and transparency. The current taxation system in effect is very ramified with increasingly than ten repetitive indirect taxes. In this taxation system neither manufacturers, nor ultimate consumers are benefitted. All the gains are pocketed by middle man. The inrush of GST would be a significant step in the field of indirect tax reform in India. By combining the large number of Central and State Taxes into a single tax and permitting set-off of prior-stage taxes, it would mitigate the ill effects of cascading. It will pave the way for a worldwide national market. For the consumers, the biggest proceeds would be in terms of reduction in the overall tax undersong on goods, which is currently unscientific at 25%-30%. Introduction of GST would moreover make products competitive in the domestic and international markets. The chances are that it would instantly spur economic growth. There may moreover be revenue proceeds for the Centre and the States due to widening of tax base, increase in trade volumes and improved tax compliance. Last but not the least, this tax, considering of its transparent character, would be easier to administer. Accounts Inventory Purchase Sales CRM Try it Free for 30 Days Buy Now Quick Contact info@zipbooks.in sales@zipbooks.in Phone: +91 79 40037105 Like and Connect with Us Privacy Policy Terms of Service Cloud Based Accounting Software Web Based Accounting Software 2015 ZipBooks All Rights Reserved. All other product names / logos and / or visitor names used herein may be protected as trademarks of their respective owners.