GST is an indirect tax that has subsumed most of the indirect taxes in India. Moreover, it is a type of value-added tax as it levy on different stages such as manufacturer, sales and consumption of goods or/and services. It is important how GST works in India and how the older indirect taxes used to … Read moreHow GST Works in India?
The Goods and Services Tax (GST) came in 2017 as a consumer based unified system for indirect taxes all over India. Varying slab rates were set for different goods and services which may have saved chunks of taxpayers’ income since GST was launched. A source in the finance ministry has revealed that according to an … Read moreSaving on Household Expenditure after GST