GST -A clear definition by Anurag katuwal for the beginner
The countdown for GST has begun.We have only 1 day in our hand.If you are about to buy new mobile just book it online right now you may get some relief prior to that,infact lots of shopping sites are offering huge discount on cell phones to clear the pre GST sale.Before talking about GST ,lets have a quick look at its meaning and how we may be benefitted from it.Right now most people exactly dont know what GST is and in what ways it may be used and benefitted.Actually i am also not economist or student of commerce I am just a simple teacher and ,i have just expressed it how much i know about GST and tried to define it in easiest way .Ok now lets start it. What is GST ? GST is a Goods and Service Tax. It is a single indirect tax for the entire nation.GST is one of the most important and complex Tax reform in indirect tax.GST is a Destination based Tax. Tax is levied on consumption of Goods and Services. The burden of taxation moves from the manufacturing /producing states ...