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Q 1. What is Goods and Service Tax (GST)? Ans. It is a destination based tax on consumption of goods  and services. It is proposed to be levied at all stages right  from manufacture up to final consumption with credit  of taxes paid at previous stages available as setoff. In a  nutshell, only value addition will be taxed and burden of  tax is to be borne by the final consumer. Q 2. What exactly is the concept of destination based  tax on consumption? Ans. The tax would accrue to the taxing authority which  has jurisdiction over the place of consumption which is  also termed as place of supply. Q 3. Which of the existing taxes are proposed to be  subsumed under GST? Ans. The GST would replace the following taxes: (i) taxes currently levied and collected by the Centre: a. Central Excise duty b. Duties of Excise (Medicinal and Toilet  Preparations) c. Additional Duties of Excise (Goods of Special  Impo...

Gone are the days when career options used to come with limited scope in traditional strata. Nowadays, the Young India loves to explore beyond boundaries and challenge their limits. They welcome the risks of new ventures, work out on the strategies and emerge as winners. Amit Mishra, with his venture “Uniting Earth”, is the new face in this league. The idea of giving new spectrum to Journalism was the reason behind its conception. He along with his team defines new age Journalism in a very artistic way. Whole functioning of “Uniting Earth” itself displays their zeal towards their goal as the team mates haven’t even met in reality but their operations never face any miscommunications. Team “Uniting Earth” comprises enthusiastic young bloods who hail from different locations of our country giving true meaning to their venture. Amit Mishra is the chairman of “Uniting Earth”.  He is an alumnus of St. Xavier’s School, Sahibganj. He is also the co-founder & Partner (Ope...