Goods and Services Tax (GST)

GST (Goods and Services Tax)

It is the biggest indirect tax reform of India. GST is a single tax on the supply of goods and services. It is a destination based tax. GST will subsume Central Excise Law, Service Tax Law, VAT, Entry Tax, Octroi, etc.

Importance of GST in Indian Economy

GST is a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by states and Central.

Implementation of GST: India implemented the GST from July 1, 2017 and ....

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Indian Economy