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explain GST..?

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explain GST..?

Post by jerrysmith on Thu Jul 13, 2017 4:52 pm

hi friends,
             what is GST,anybody can explain GST..?

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Goods and Service Tax(GST)

Post by anshitajain1212 on Fri Jul 14, 2017 10:24 pm

hi friend,
Goods and Service Tax (GST) is an indirect tax which the Government of India is planning to levy on all goods and services apart from those exempted by the GST law.

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Re: explain GST..?

Post by jerrysmith on Mon Jul 17, 2017 8:34 pm

thanks friend to clear my confusion.

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Re: explain GST..?

Post by Designpluz on Tue Jul 18, 2017 5:47 pm

Goods & Services Tax Law in India 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.
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Re: explain GST..?

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