GST
GSTA value-added tax levied on the supply of goods and services in India, replacing multiple indirect taxes.
जीएसटी के तहत, सभी उत्पादों और सेवाओं पर एक समान कर दर लागू होती है।
Under GST, a uniform tax rate is applied to all goods and services.
GST was introduced in India on July 1, 2017, to streamline the tax structure.
A system of indirect taxation where taxes are collected at each stage of the supply chain but only the final consumer bears the tax burden.
जीएसटी का उद्देश्य कर चोरी को कम करना और व्यवसायों के लिए कर भुगतान को सरल बनाना है।
The objective of GST is to reduce tax evasion and simplify tax payment for businesses.
GST is governed by the GST Act, 2017, in India.
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Related Phrases
💡Pro Tip
GST Rates
GST rates in India are categorized into 5%, 12%, 18%, and 28%.
⚡Gold Rule
GST Compliance
Businesses must file GST returns regularly to comply with the law.
📖Word Origin
Derived from the English abbreviation 'Goods and Services Tax'.
📝Usage Notes
GST is a widely used term in Indian business and finance contexts. It is not used in other countries with the same meaning.