What is GST bill?

Quite literally, GST (Goods and Services Tax) is a tax levied when a consumer buys a good or service. The current tax regime is riddled with indirect taxes which the GST aims to subsume with a single comprehensive tax, bringing it all under a single umbrella.Jun 15, 2016 read more

Goods and Services Tax (GST) Bill, explained Goods and Services Tax (GST) Bill, explained The Constitution (122nd) Amendment Bill comes up in RS, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage. read more

After GST Council approved the Central Goods and Services Tax Bill 2017 (The CGST Bill), the Integrated Goods and Services Tax Bill 2017 (The IGST Bill), the Union Territory Goods and Services Tax Bill 2017 (The UTGST Bill), the Goods and Services Tax (Compensation to the States) Bill 2017 (The Compensation Bill), these Bills were passed by the Lok Sabha on 29th March, 2017. read more

GST will do away with Gordian knot of multiple tax-rates which is a burden on the common man. Dual GST means it will have a federal structure. The GST will basically have only three kinds of taxes - Central, state and another one called integrated GST to tackle inter-state transactions. read more