|Definition||:||Goods and Services Tax|
|Category||:||Governmental » Rules & Regulations|
What does GST mean?
Goods and Services Tax (GST) is an indirect tax imposed on the supply of goods and services in India. GST replaced many indirect taxes in India like Value Added Tax (VAT) and service tax. The tax rate under GST are set at 0%, 5%, 12%, 18% and 28% for various goods and services.
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Frequently Asked Questions (FAQ)
What is the full form of GST in Taxes (India)?
The full form of GST is Goods and Services Tax