GST started in India on July 1, 2017. GST stands for Goods and Services Tax. It is a comprehensive indirect tax on manufacture, sale, and consumption of goods and services. It replaced multiple indirect taxes like VAT, excise duty, service tax, etc. GST has 4 tax slabs - 5%, 12%, 18%, and 28%. It has simplified the tax structure and made it easier for businesses to comply with tax regulations.

ABB Interview Questions: WHEN IS GST STARTED

Asked inABB,Staff Accountant

WHEN IS GST STARTED

AnswerBot

GST started in India on July 1, 2017.

GST stands for Goods and Services Tax.
It is a comprehensive indirect tax on manufacture, sale, and consumption of goods and services.
It replaced multiple indirect ...read more

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