GST Manual
Goods and Services Tax, which went into effect on July 1, 2017, is an indirect tax that replaced the cascading effect of multiple taxes levied by both the central and state governments. The new tax combines a number of old taxes into one. This includes the central excise tax, service tax, octroi tax, surcharges, Value Added Tax (VAT), and other local levies. This makes it easier to pay taxes and reduces the chance of being taxed twice.
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