The standard rate of Value Added Tax (VAT) before the introduction of Goods and Services Tax (GST) was 12.5%. This was applicable on all goods and services which were taxable. The rate of VAT could vary from state to state and from product to product. The taxpayer had to pay the applicable rate of VAT […]
Taxes before GST in india Read More »
GST or Goods and Services Tax is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is basically a tax on consumption of goods and services, and is applicable to all the businesses that are registered under it. GST was introduced in July 2017 in India and is applicable to all
What is GST? and why it is so important? Read More »
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