Gst meaning: The Goods and Services Tax

The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based indirect tax levied on the supply of goods and services in India. Introduced on 1st July 2017, GST subsumes various indirect taxes such as VAT, service tax, excise duty, and others into a single, unified tax system. Learn about GST (Goods and Services Tax) in India. Explore its types, objectives, and key advantages to understand its impact on businesses and consumers. Discover the definition of GST , its three key components (CGST, SGST, and IGST), and its objectives. Understand the advantages of GST , improving tax compliance, and enhancing the competitiveness of Indian businesses. Since its launch in 2017, the Goods and Services Tax ( GST ) has revolutionized the way taxes are collected and paid in India. Whether you’re a business owner, a freelancer, or simply curious about the Indian tax system, understanding GST is essential.