GST Billing Software | GST Accounting Software India
After implementation of goods and service tax in india every citizen of india got confused about it specially businessmans. After implementing goods and service tax in india everyone wants to know about goods and service tax. If you are one of them then this article for you my friend, In this article we will talk about all things about goods and service tax.
The short form of Goods and service tax GST.If we talk about implementation of gst then this act is implemented on 1st july 2017. In a simple language gst is an indirect tax and it is levied when we supply goods and services to any any one. Basically, gst replaced all the indirect tax which is earlier levied on supplying goods and services.
The first question is arise in the mind of every indian is, why we need gst? The answer is very easy, before gst we paid many taxes like VAT, Service tax, sales tax etc. even we have to pay taxes on every level which increase the cost of the product and in the end the end consumer has to pay all this taxes. This is the main reason why government of india implemented gst.
GST is comes with 5 tax rates which are as follows-
There are number of advantages of implementation of gst in this article we will cover some advantages of implementation of gst which are as follows-
We all know that gst is best but there are also some disadvantages of implementation of gst which are as follows-
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