DETAILED NOTES ON INDIRECT TAX

GST on products and services supplied by condition Govt. for their undertakings or PSUs By means of guaranteeing loans taken by them The GST is levied inside the point out where by merchandise and providers are eaten (and never wherever they are made), which makes it a vacation spot-centered tax. it is actually billed at each level of sale which i

the products and solutions Tax (GST) is often a successor to VAT used in India on the supply of products and repair. equally VAT and GST hold the same taxation slabs. it truly is a comprehensive, multistage, desired destination-centered tax: comprehensive mainly because it has subsumed almost the many indirect taxes besides a couple of condition ta