BID FAREWELL TO TAX MANAGEMENT CHALLENGES WITH GST SETUP IN BUSINESS CENTRAL
GST or Goods and Services Tax is a comprehensive and destination-based tax. It means any tax on goods and services or both and generally levied at all stages—Right from manufacture, supply, sales, and up to the final consumption with credit of taxes paid at previous stages; at the national level. Also, it subsumes indirect taxes like excise duty, countervailing duty, and service tax, and state levies like Value Added Tax, Octroi, Entry Tax, Luxury Tax, etc.