GST Services
GST (Goods and Services Tax)
GST (Goods and Services Tax) is a broad, multi-stage, destination-based tax applied to every value addition. It has replaced various indirect taxes in India, including VAT, excise duty, and service tax. The goal of introducing GST was to streamline the taxation system and establish a unified market throughout the country.
GST applies to the supply of goods and services, with the tax responsibility divided between the manufacturer and the end consumer.
GST Requirements
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There are three types of GST in India:
1. CGST (Central Goods and Services Tax): This tax is imposed by the Central Government on the supply of goods and services within a state.
2. SGST (State Goods and Services Tax): This tax is imposed by the State Government on the supply of goods and services within a state.
3. IGST (Integrated Goods and Services Tax): This tax is imposed by the Central Government on the supply of goods and services between states.
