TideEMall | Product Details

Description

Goods and Services Tax (GST) is a comprehensive, indirect tax levied on the supply of goods and services. It replaces multiple indirect taxes, simplifying the tax system. GST is applied at every stage of the supply chain, but it's ultimately borne by the end consumer. Businesses collect GST on behalf of the government and can claim input tax credits on the GST paid for goods and services used in their operations. The tax is divided into Central GST (CGST) and State GST (SGST) for intra-state supplies and Integrated GST (IGST) for inter-state supplies, ensuring uniform taxation across the country.