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A comprehensive indirect tax levied on the manufacture, sale, and consumption of goods and services in India, replacing multiple previous taxes.
वस्तु और सेवा कर ने भारत की कर संरचना को सरल बनाया है।
Goods and Services Tax has simplified India's tax structure.
Introduced in India on July 1, 2017, GST is a multi-stage, destination-based tax.
GST in India is categorized into five tax slabs: 0%, 5%, 12%, 18%, and 28%.
Businesses with an annual turnover above ₹40 lakhs (₹10 lakhs for special category states) must register for GST.
Derived from the English phrase 'Goods and Services Tax', adapted into Hindi as a technical term.
Used in formal and technical contexts related to taxation and finance in India.