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GST is a comprehensive indirect tax imposed on manufacture, sale and consumption of goods as well as services at the national level. It has also replaced all types of indirect taxes imposed on goods and services by states and Central. There are 3 main types of GST u2013 CGST, SGST, IGST. It also eases the trade and industry concerning the indirect tax system of the country. For more information about regarding the latest GST updates or composition scheme in GST visit Tax Guru.
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GST AND IT'S BENEFITS WHAT IS GST & TYPES OF GST GST (Goods and Services Tax) is the biggest indirect tax reform of India & is a single tax on the supply of goods & services. CGST CGST expands as Central Goods and Service Tax. CGST is meant for Central Government. SGST SGST expands as State Goods and Service Tax. SGST is meant for State Government. IGST Integrated Goods & Service Tax which is imposed on the supply of commodities & services from one state to another. To get more information about what is meant by GST & visit our website Tax Guru. compostion scheme in gst W W W . T A X G U R U . I N