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What is Understanding GST: India about?
The Goods and Services Tax (GST) was introduced in India on July 1, 2017, to simplify the tax structure by replacing multiple indirect taxes with a single tax applicable nationwide. GST is a multi-stage, value-added tax levied on the supply of goods and services, which aims to eliminate the cascading effect of taxes and improve compliance through a robust IT system. The GST framework includes Central GST (CGST), State GST (SGST), and Integrated GST (IGST) to facilitate both intra-state and inter-state trans
- Author
- Santheesh
- Language
- EN