The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax system that has transformed India’s taxation landscape. This blog explains how GST consolidates various indirect taxes, such as VAT, excise duty, and service tax, into a single tax, making it easier for businesses to comply. We’ll explore the different types of GST—CGST, SGST, and IGST—and discuss how this system promotes transparency, reduces tax evasion, and simplifies tax administration across the country. Additionally, we’ll cover the impact of GST on businesses and consumers and how it fosters a more efficient economy.
