वस्तु और सेवा कर अधिनियम

vastu aur sevā kara adhinayaṃ
phrase★Intermediate— Goods and Services Tax Act
⚖️Law
formal

A comprehensive tax law in India that levies a unified tax on the supply of goods and services, replacing multiple indirect taxes.

वस्तु और सेवा कर अधिनियम ने भारत में अप्रत्यक्ष कर प्रणाली को सरल बनाया है।

The Goods and Services Tax Act has simplified the indirect tax system in India.

💡

Implemented in 2017, this act is a significant reform in India's tax structure.

💡Pro Tip

Legal Context

This term is primarily used in legal and financial discussions in India.

⚡Gold Rule

Official Usage

Always capitalize the full phrase when referring to the official act.

📖Word Origin

Derived from the Hindi words 'वस्तु' (goods), 'सेवा' (services), 'कर' (tax), and 'अधिनियम' (act).

📝Usage Notes

This term is used in formal and legal contexts, particularly in discussions about taxation and business regulations in India.

Word Breakdown

वस्तु
goods
root
+
सेवा
services
root
+
कर
tax
root
+
अधिनियम
act
root
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