Goods and Services Tax: Some Detailed Facts About GST

Sknowpedia22 Dec, 2022News

The Goods and Services Tax (GST) is one indirect tax for the entire nation, which will form India into one unified common market. GST is the sole tax on the supply of goods and services, right from the manufacturer to the purchaser. GST is paid by consumers but handed over to the government by the businesses selling the goods and services. The credit of input taxes paid in each phase will be accessible in the following stage of value addition.