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    Goods and Services Tax(GST)

    Posted By : Ruchi Negi / Published on : 31-Mar-2023 09:23 AM / View : 291 / Comment : 1

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    hen was the Goods and Services Tax(GST) implemented in India?
    Read more on : taxgst services goods

    • The Goods and Services Tax (GST) was implemented in India on July 1, 2017. The GST replaced multiple indirect taxes levied by the central and state governments, such as excise duty, service tax, value-added tax (VAT), and others. The implementation of GST was a significant reform in India's tax system aimed at simplifying the tax structure, reducing tax evasion, and promoting ease of doing business. The GST is a destination-based tax that is levied on the value of goods and services at each stage of production and distribution. It is administered by a GST Council comprising the central and state finance ministers.

      31-03-2023 / 10:39:29 AM
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