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  1. ClearTax
    https://cleartax.in › gst-law-goods-and-services-tax

    Goods and Services Tax: What is GST in India? Indirect Tax

    • GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passe… See more

    The Journey of GST in India

    The GST journey began in the year 2000 when a committee was set up to draft law. It took 17 years from then for the Law to evolve. In 2017, the GST Bill was passed in the Lok Sa… See more

    ClearTax
    Objectives of GST

    To achieve the ideology of ‘One Nation, One Tax’ GST has replaced multiple indirect taxes, … See more

    ClearTax
    Advantages of GST

    GST has mainly removed the cascading effect on the sale of goods and services. Removal of the cascading effect has impacted the cost of goods. Since the GST regime elim… See more

    ClearTax
    What Are The Components of GST?

    There are three taxes applicable under this system: CGST, SGST/UTGST & IGST. 1. CGST:It is the tax collected by the Central Government on an intra-state sale (e.g., a transaction … See more

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    Table of Contents
    The Journey of GST in India
    Objectives of GST
    Advantages of GST
    What Are The Components of GST?
     
  1. The Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax levied on the supply of goods and services in India1. It replaced a host of indirect taxes imposed by both the Central and State Governments1. GST seeks to eliminate the cascading effect of taxes and simplify the overall tax structure1. It is a consolidated tax based on a uniform rate for both goods and services across India2. There are three types of GST: central GST (CGST), state GST (SGST), and integrated GST (IGST)3.
    Learn more:
    Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax levied on the supply of goods and services in India. It was implemented to replace a host of indirect taxes imposed by both the Central and State Governments. GST seeks to eliminate the cascading effect of taxes and simplify the overall tax structure.

    Goods and Services Tax (GST) in India: W…

    www.taxbuddy.com/blog/gst-goods-and-services-tax
    GST is a consolidated tax based on a uniform tax rate fixed for both goods and services across India, and is payable at the final point of consumption. At each stage of sale or purchase in the supply chain, the tax is collected on value-added goods and services, through a tax credit mechanism (or input credit mechanism).

    What is GST in India? Tax Rates, Key Ter…

    india-briefing.com/news/what-gst-india-tax-rates-ke…
    The Goods and Services Tax (GST) is a nationwide indirect tax levied on businesses with the goal of making India a unified market. It is a single tax applied on the product life cycle of goods and services. There are three types of GST — central GST (CGST), state GST (SGST), and integrated GST (IGST).

    Features of GST: Top 10 Features of Goo…

    cleartax.in/s/features-of-gst
  2. People also ask
    What are the current GST rates in India?
    What is GST rate in India? Current GST rate in India is 18% for goods and services. There are reduced rates 0%, 5% and 12% for some goods and services, and 28% luxury rate for some items. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.

    Indian GST calculator - gstcalculator.net

    gstcalculator.net
    What is the purpose of GST in India?
    The main objective of GST in India is to cover most of the indirect tax levies into a single tax, replace multiple tax levies, overcome the limitation of the current indirect tax structure, and create efficiencies in the tax administration.

    What is GST in India | About Full form with meaning

    gstindianews.info
    What are the benefits of GST?
    GST offers some benefits to stakeholders, including state and central governments, businesses and citizens. The primary benefits are that GST can reduce the cost of goods and services, boost the economy and increase the competitiveness of service providers and manufacturers. GST allows input credit that a taxpayer can avail on value addition.

    What Is GST Full Form? (Definition And Primary Objectives)

    in.indeed.com
    What are the different GST rates for various goods and services?
    Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system. [citation needed]

    Goods and Services Tax (India) - Wikipedia

    en.wikipedia.org
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  3. Wikipedia
    https://en.wikipedia.org › wiki › Goods_and_Services_Tax_(India)

    Goods and Services Tax (India) - Wikipedia

  4. Forbes
    https://www.forbes.com › advisor › in › tax › what-is-gst

    What Is GST? 5 Things You Need To Know – Forbes Advisor INDIA

  5. TaxBuddy
    https://www.taxbuddy.com › blog › gst-goods-and-services-tax

    Goods and Services Tax (GST) in India: What is GST in India?

  6. Razorpay
    https://razorpay.com › learn › gst-goods …

    What is GST in India: Goods and Services Tax Example, …

    2 days ago · GST is a comprehensive indirect tax charged on the supply of goods and services in India. It has replaced many previous taxes, such as excise, VAT, and service tax. This article will explain all about GST, its components, …

  7. ClearTax
    https://cleartax.in › gst-guide-introduction

    GST Guide : Introduction, Compliance, Updates and More.. - ClearTax

  8. ClearIAS
    https://www.clearias.com › goods-and-s…

    Goods and Services Tax (GST): Everything You Need to …

    Oct 15, 2023 · Goods and Services Tax (GST) is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India. GST would replace respective taxes levied by the central and state governments.

  9. Tax Guru
    https://taxguru.in › goods-and-service-tax › gst-india.html

    GST in India: Everything We Need to Know - Tax Guru

  10. Goods & Service Tax, CBIC, Government of India
    https://cbic-gst.gov.in › about-gst.html

    Know About GST - Goods & Service Tax, CBIC, Government of India

  11. Goods and Services Tax Council
    https://gstcouncil.gov.in › overview-gst-english

    Overview on GST (in English) | Goods and Services Tax Council