Ca Pulkit Goyal15 Aug, 2021Business
Float on July 1 2017, the Goods & Services Tax (GST) applies to all Indian service providers, traders and manufacturers. A variation of Central taxes like Service Tax, Excise Duty, CST and state taxes like Entertainment Tax, Luxury Tax, Octroi, VAT are absorbed in one tax. GST is charged at every step of the supply chain, with full set-off benefits. The plan of action for GST is entirely online and requires no handbook intervention.
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