GST

Goods and Services Tax (GST) is a unified indirect tax levied on the supply of goods and services across India. It replaced multiple cascading taxes to create a single, transparent taxation system. GST is categorized into CGST, SGST, and IGST based on the nature of the transaction. Businesses with turnover above the threshold limit must register for GST. It simplifies compliance, improves transparency, and enables seamless input tax credit across the supply chain.