What is gst? (Advantage of gst,gst in short, gst in india)

Gst (goods and service tex)

The items that we buy are a surefire part of the total value of the purchased item, which makes the government gleefully, the same fixed part gives us different and lesser illumination in different states, so that the government can make a uniform tax in the entire country ( Tex).

This is GST.


Which tax will expire after the GST is implemented?

1. Service tex

2.excise duty

3.additional coustam duty

4.special additional duty ofcoustam

6.vat / sales tex

7.genral sales tex

8.entertainment tex

9.octroy and entery tex

10.luxery tex


Taxes will be of three types -

1- cgst (central gst) Central GST - this central government will recover

2-sgst (state gst) state GST - this state government will recover

3-igst (Integrated Gst) GST - This will take place on the business between two states which the central government will recover


Gst council has set 4 rates

5%, 12%, 18%, 28% One thing to keep in mind is that if you want council to raise it up to 40%, it will still be up to 28%.


- As much as 101% tax on Pan masala, cigarettes, luxury cars, carbonate drinks can be taxed.


- There will be a jail term of 5 years for the tax evasion and the tax on late submission will be levied up to 18%.


- E-Commerce will look at GST


>> What will be the advantage -

1- The advantage of those who were doing more than 28%

2- GDP rates will increase

3- New Noble

4- The production will increase

6- Control over those who earn more profits

7- Relaxing small business

8- Get rid of tax at times

9- The decrease in the price of commodities


You can get your business registrar at GOVT WEBSITE GST.GOVT.IN