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Gst law

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GST (Goods and Services Tax) is a comprehensive, indirect tax levied on the supply of goods and services in many countries, including India. Introduced in India on July 1, 2017, GST replaced multiple indirect taxes like VAT, service tax, and excise duty. It follows a multi-tier structure: CGST (Central GST), SGST (State GST), and IGST (Integrated GST). GST simplifies taxation by creating a unified system, reducing tax evasion, and improving compliance. It applies to businesses exceeding a certain turnover threshold. With benefits like input tax credit and ease of filing, GST enhances transparency and boosts economic growth.

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Gst 123 (GST)











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Affiliate To Madras University
Course
Gst 123 (GST)
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Uploaded on
February 2, 2025
Number of pages
128
Written in
2024/2025
Type
Class notes
Professor(s)
Hariesh
Contains
Gst

Subjects

  • supply under gst
  • gst law
  • gst act 2017
  • gst notes
  • gst information
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