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Tag: GOODS & SERVICE TAX

Goods & Service Tax

Goods & Service Tax

Goods & Service tax is a value-added tax which is levied on the manufacture, sale & consumption of goods & services. Goods & service tax has subsumed various indirect taxes such as VAT, service tax, excise duty, entertainment tax, CST, Luxury tax, entry tax, etc. GST is a comprehensive, multi-stage, destination-based tax which is levied at every stage of value addition. Explanation GST is an Indirect tax that is levied on the goods & services at every stage while reaching…

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