BRIEF OF GST

[Nitin Jain]

PLS SOMEONE PROVIDE BRIEF ABOUT GST....... THANKS

[Yash Matta]

Kindly Follow the link :

https://www.taxtmi.com/article/detailed?id=1039

[rishi mohan]

The Goods and Services Tax (GST) is a value added tax (VAT) on the supply of goods or services. The introduction of goods and services tax shall replace taxes such as Central sales tax, State level sales tax, Service tax etc. The goods and service tax (GST) is proposed to be a comprehensive study on indirect taxes which is levied on manufacture, sale and consumption of goods as well as services at a national level.

AI Summary

Goods and Services Tax consolidates indirect levies into a single national consumption tax, replacing multiple sales and service taxes. Goods and Services Tax (GST) is a value added levy on the supply of goods and services that consolidates multiple indirect levies into a single national consumption tax, replacing central sales tax, state sales taxes and service tax and taxing value addition across manufacture, sale and consumption.