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Demystifying the Basics of GST Bill in India

GST (Goods and Service Tax) is an indirect tax introduced in India from first July 2017. It is a consumption-based tax imposed on the production, supply, and utilization of goods and services. On the other hand, GST can be characterized as a destination-based tax where the tax is gathered on where a definitive utilization is … Read moreDemystifying the Basics of GST Bill in India

2 Years of GST (Goods and Services Tax) in India – Analytical Report

Goods and services tax in India has seen an incredible growth from 38.5 Lakhs migrated taxpayers as on 1st July 2017 to 1.22 Crore registered taxpayer as on June 2019. After completing 2 successful years of GST implementation GSTN has issued an analytical report covering the following points. Registration Trend (July 2017- June 2019) As … Read more2 Years of GST (Goods and Services Tax) in India – Analytical Report

Goods and Services Tax (GST) in India

What is GST? GST Act came into existence in India on 1st July 2017 with the motive of One Nation One Tax. Goods and Services Tax (GST) is a destination based tax that subsumed many indirect taxes in India. GST is a multi-stage tax that gets levied on every value addition. Destination-Based GST is a … Read moreGoods and Services Tax (GST) in India