What is GST? The term GST stands for Goods and Services Tax. Actually, GST is a destination based tax, which has been invented across the country since last July. This tax can replace the former central taxes as well as duties such as Special Additional Duty of Customs (SAD), Excise Duty, Counter Veiling Duty (CVD), […]
All About Basic Terminology used Under GST Here are a few GST terminology and definitions you must to know. these terms are described as follows: GST Goods And Services Tax is an indirect tax which applicable in India from July 2017. The GST is paid by consumers, but it is paid to the government by the […]
Summary of Model GST law The model GST law has been released on 14th June 2016. It outlays the basic structure of the CGST act; SGST acts to be based on the structure laid out. The draft of the IGST act has been also released as a part of the Model GST law.