GST, or Goods and Services Tax, is a revolutionary tax reform introduced in India to streamline the country's complex indirect tax structure. Implemented on July 1, 2017, GST replaced a plethora of indirect taxes levied by the central and state governments, unifying them under a single tax regime. Unlike the previous system, where taxes were levied at multiple points in the supply chain, GST is a destination-based tax levied on the value-added at each stage of production or service delivery. It encompasses all stages of the supply chain, from manufacturing to the point of sale, ensuring comprehensive tax coverage.
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Rohit Yadav A business legal advisor, also known as a business attorney or corporate lawyer, is a professional who provides legal guidance and support to businesses. Their role is crucial in helping businesses navigate legal complexities.
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