Understanding GST: Everything You Need To Know
The Goods and Services Tax (GST) is a comprehensive indirect tax that came into force on 1 July 2017. GST brings together under one tax, all the different central and state taxes such as service tax, excise duty, sales tax and VAT into a single national sales tax. IS GST will affect me as a business? The Goods and Services Tax is a way that the government wants to make sure that the rich pay their fair share. It’s also a way of convincing Indian citizens that the rich aren’t getting away with not paying taxes. But for small businesses, the GST means a lot of work. They have to start being more and GST suvidha kendra is the right option for filing GST. organized with their accounting because they will have to register for GST and then keep track of all their sales, purchases and expenses in a new way. What does it mean for you? It means that you need to hire someone to help you out with your accounting. You How to Find more information about GST? The topic of Goods and Services Tax (G