Gst 1

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Gst law
  • Class notes

    Gst law

  • 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 certai...
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