What Is the Goods and Services Tax (GST)? The goods and services tax (GST) is a value-added tax (VAT) levied on most goods and services sold for domestic consumption. The GST is paid by...
Understand the four types of GST in India — SGST, CGST, IGST, and UTGST. Learn how each tax is applied, who collects it, and when it is applicable in intra- and inter-state transactions.
What is GST in India? Goods and Services Tax (GST) is a tax that India imposes on the supply of specific products and services. The main aim of this taxation system is to to stop the extra costs added by other indirect taxes.
Learn what is meant by Goods and Services Tax, GST definition, types of GST, GST rates and more GST news here at Business Standard.
GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services across India. Introduced on July 1, 2017, GST replaced multiple indirect taxes like excise duty, VAT, and service tax with a single, unified tax structure.
Goods and Services Tax (GST) is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India. GST would replace respective taxes levied by the central and state governments.GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.