5 Things To Know About GST Registration What is goods and service tax (GST)? GST is an indirect tax, formulated to subsume and unify all the other taxes. GST is paid by consumers and is remitted to the Indian government by organizations and businesses including Private limited company, public limited company, and one person company selling goods and services. GST is introduced in an attempt to reduce the number of taxes. Some of the taxes that are amalgamated under GST are mentioned below. 1. Service Tax 2. VAT (Value Added Tax) 3. Entertainment Tax 4. Central excise Tax 5. Entry & Purchase Tax 6. Advertisement Taxes 7. Taxes Applicable On Lotteries What are GST types? There are different types of taxes under GST which are listed below: 1. Centra...
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Showing posts from February, 2022