Learn about GST (Goods and Services Tax) in India. Explore its types, objectives, and key advantages to understand its impact on businesses and consumers. GST, or Goods and Services Tax , is an indirect tax imposed on the supply of goods and services. It came into effect on 1st July 2017, replacing multiple indirect taxes, like VAT, excise duty, and service tax. GST is levied at each stage of the supply chain and is designed to allow seamless input tax credit at every level. The Goods and Services Tax (GST ) is a value-added tax levied on most goods and services sold for domestic consumption. GST full form and meaning explained with example. Know GST meaning in various Indian languages. Discover the complete meaning of GST , its full form, and practical examples to understand its implications.
