GST stand for Goods and Services Tax. Govt of India introduce the GST in July 2017. The purpose of the GST is simplification of tax system of the courntry. Elarlier, there were so many taxes along with center and state governments taxes. Before introducing GST, VAT (Vaule Added Tax) was for goods and Service Tax was for sevices with many tax slabs. Which were very difficult to understand. GST is also called reform in the tax system in the India.
GST combines goods and servics in one place. So, you don’t need to apply for seprate permissions for good and services. GST is now online and all process is online. There is no require to visit your local aurthrity for getting GST related applications and filing.
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