GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.

GST is a huge reform for Indirect Taxation in India. GST simplifies indirect taxation, reduces complexities, and removes the cascading effect. Experts believe that it has a huge impact on businesses be it big, medium or small and changes the way the economy functions. But, transition to GST is a daunting task. We help you to get prepared for the new GST Regulations and reap benefits out of it.

In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country.