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What is GST?

GST Q&ACategory: QuestionsWhat is GST?
rahul Staff asked 2 years ago

Goods and Service Tax ─ GST is the biggest reform proposed in the Tax Regime of our country after Independence. It is something that each of us must understand as it is going to affect our lives in a very significant manner.

“Goods and Services Tax” would be a comprehensive Indirect Tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and  State governments .

GST will not levied in addition existing taxes rather it will be replaced by GST as single tax, Following taxes will be subsumed