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⚫ India

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◤ Travel. ⚫ Asia. ⚫ India. ◥ India. {su} Exchange. Goods and Services Tax (India) Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and services. GST is a digitalized form of VAT where you can also track the goods & services. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.

The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. Transporter ID and PIN Code now compulsory from 01-Oct-2018.

☢️ India: Travel

☢️ India: States. ⬤ Punjab. ◆ India. ☢️ India: Org. ☢️ India: Food. ☢️♋️ India: 1947. ☢️♋️ India: Religion. ☢️⚛️ India: Languages. {pdp} India: I-ID. ⬛ KMF. ⬛ KPF.