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Issue ID: 114200
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How GST change the whole process

Date 03 Oct 2018
Replies 2 Replies
Views 1606 Views
Goods and Services Tax reform simplifies indirect taxation by creating a unified, non-cascading levy across jurisdictions.
Goods and Services Tax is a nationwide indirect tax on the supply of goods and services that replaces disparate state levies and removes the cascading effect, creating a unified tax base across jurisdictions and simplifying tax incidence while promoting tax neutrality. (AI Summary)

GST is an indirect tax levied by the government on the supply of goods and services. This tax law is not limited to any particular state and the main point is it removes the cascading effect. Want to know more do visit GST.

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