What is Goods And Services Tax GST and its Benefits | Enterslice

#GST is a revolutionary step taken by Indian Government to create a simplified and integrated system of indirect taxation in India. It is set to be launched on 1st July 2017, from when it will replace all the existing myriad of indirect taxes levied by Central and State governments like excise duty, VAT, Central #Sales_Tax, Octroi and entry tax, entertainment tax, service tax etc. It will bring all these taxes under the same fold and make the compliances easier. One of the major benefits of GST is to mitigate the cascading effect of taxes, i.e. the problem of charging tax on tax.

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