One India, One Tax- All you need to know about GST
Goods and Service Tax is one of the most talked about topic in India. We have heard a lot about it read a lot about it. Some of us support it while others may hold a different perspective. All I can say that change is not easily digestible. Whatever be the talks, GST is sure to bring economic revolution in India which was much awaited.
What is GST ?
Literally, the world GST means Goods and Service Tax, it's an end to all the taxes which a person or a businessman or anyone had to pay who availed any kind of services or bought or manufactured or sold a product. Prior to GST, there were many taxes which were imposed on people, the likes of which included, VAT, Service tax, excise etc.
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