What is GST ?

Posted by : Rakesh Sinha
Posted On : 12/19/2016 2:15:48 PM
Posted As :Question Answers
Category :Law
View : 442
                 GST stands for Goods and Service Tax.
GST is a upcoming system of indirect taxation in India merging most of the existing taxes (Direct and Indirect) into single system of taxation, such as:

Central Excise Duty
Service Tax
Countervailing Duty
Special Countervailing Duty
Value Added Tax (VAT)
Central Sales Tax (CST)
Octroi
Entertainment Tax
Entry Tax
Purchase Tax
Luxury Tax
Advertisement taxes
Taxes applicable on lotteries.
 
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