Goods and Service Tax

About Goods and Service Tax

GST is one indirect tax for the whole nation, introduced with a view to make India, a unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer, with credit of input taxes paid at each stage (in the supply chain), available for set-off in every subsequent stage, making it, essentially, a tax only on the value added at each stage. It is a destination-based tax on consumption of goods and services.