Goods and Services tax

What is GST? Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on the supply of goods and services in India. It was introduced on July 1, 2017, with the aim of simplifying the complex indirect tax structure that previously existed. Before GST, businesses had to deal with multiple indirect taxes. Such as  VAT, service tax, excise duty, and more, imposed by both central and state governments. GST replaced these with a single, unified tax system, enhancing transparency and ease of doing [...]