GST In English
GST In English
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Goods and Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and Twenty Second Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill.
Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.
To understand this, we need to understand the concepts under this definition. Let us start with the term Multi-stage. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you the end consumer the product, completing its life cycle.
This app has important information about GST Bill in English language.
The impact of GST bill in India has also been described in this app.
Some of the points about GST Bill that this app has
What is GST Bill?
Advantages of this.
Why GST is so important?
impact of this bill on common man.
Impact of GST on Businesses etc.
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