What is GST? How it works?👇👍😁
Are you in search of some basic information about GST and How it works in India then you are at right place. In this blog post, I am going to tell you some basic information about GST whichever Taxpayer needs to know. So let's move on to out topic - What is GST? GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive , multi-stage , destination-based tax that is levied on every value addition . In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country . Under the GST regime, the tax will be levied at every point of sa...