WHAT IS G.S.T
GST – What is GST in India? Goods & Services Tax Law Explained 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. In this article, we take a closer look at what is GST and the reason why it is making business and taxes simpler and easier. Contents What is GST? Journey of GST in India Advantages Of GST Components of GST? Tax Laws before GST What changes does GST bring in? 1. What is GST? 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 is an indirect tax levied on the supply of goods and services. GST Law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire countr...