Goods & Services Tax (GST)

What is GST in India?

The GST regime has laid the foundation for a seamless national market, reshaping India’s tax landscape and driving economic growth.The GST regime has laid the foundation for a seamless national market, reshaping India’s tax landscape and driving economic growth.

In this process, the GST council has demonstrated flexibility in responding to challenges by frequently reviewing and amending policies. The dynamic approach allowed for course corrections, ensuring that the tax system evolved to meet the needs of businesses which has strengthened the idea of co-operative federalism in India.

The Goods and Services Tax (GST) is a sort of Value Added Tax (VAT) levied on most goods and services sold for domestic consumption.

The GST is paid by consumers, but it is remitted to the government by all the businesses selling goods and services.

Having replaced multiple indirect taxes in the country, it has successfully helped the Indian Government to achieve “One Nation-One Tax” agenda.