Tag Archives: Goods and Services Tax

Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid …

What is GST? Why is there a need for this bill? The Goods and Services Tax bill, touted to be India’s biggest tax reform, will simplify the current system of taxation. The bill will convert the country into a unified market by replacing all indirect taxes with one tax. Quite …

  I have listed about 10 changes which may happen on introduction of Goods and Service Tax (GST) in India. Hope this helps.   Answerable to two departments – Presently, those who are providing services have to file returns with Service Tax department and those who are selling goods have …