![]() ![]() GST is a single domestic indirect tax law for the entire country.īefore the Goods and Services Tax could be introduced, the structure of indirect tax levy in India was as follows: Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In other words, Goods and Service Tax (GST) is levied on the supply of goods and services. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. GST is known as the Goods and Services Tax. All about Reverse Charge Mechanism (RCM) under GST.Mixed Supply & Composite Supply under GST. ![]()
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