Nbr Today Gst Ready Reckoner: Central Goods And Services Tax Act

<p>GST is a path breaking indirect tax reform which created common national market by dismantling inter-State trade barriers. GST has subsumed multiple indirect taxes like excise duty service tax VAT CST luxury tax entertainment tax entry tax etc.</p><p>GST is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive multi-stage destination-based tax that is levied on every value addition. GST is a single domestic indirect tax law for the entire country. CGST SGST and IGST are the 3 types of GST in India. CGST and SGST are levied on intra-state transactions. CGST is collected by the centre and SGST by the state. IGST is charged on inter-state goods/services transactions.</p><p>The CGST Act with amendment is reworked in form of Ready Reckoner which is easy to read and understand.</p>