Gst India

GST INDIA What is goods and services tax (GST)? GST is an indirect tax for the entire nation, which will make India a joint general market. There is only one tax on the supply of GST goods and services. GST is a destination based tax that is applicable to value addition at each stage, because the input tax credits paid on the receipt of inputs will be available. Thus, the ultimate consumer will take only the GST taken by the last trader in the supply chain, with set-off benefits at the previous previous stage. GST is an indirect tax that has changed many indirect taxes in India. The Goods and Services Tax Act passed Parliament on March 29, 2017. The GST came into effect on 1 July 2017 Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that applies to every value addition. In simple words, Goods and Service Tax (GST) is indirectly made on the supply of goods and services. This law replaces m...