{"id":172,"date":"2022-03-28T06:38:05","date_gmt":"2022-03-28T06:38:05","guid":{"rendered":"https:\/\/komplytek.com\/blogs\/?p=172"},"modified":"2022-03-28T06:38:05","modified_gmt":"2022-03-28T06:38:05","slug":"gst-definition-4-types-of-good-service-tax","status":"publish","type":"post","link":"https:\/\/komplytek.com\/blogs\/gst-definition-4-types-of-good-service-tax\/","title":{"rendered":"GST-Definition & 4 Types of Good & Service Tax"},"content":{"rendered":"

The Goods and Services Tax (GST) is a tax imposed in India on goods and services or both, and it went into force on July 1, 2017. The tax was created to replace major existing indirect taxes with a single comprehensive tax.<\/p>\n

In essence, Goods and Service Tax combines several indirect taxes into a single tax, making tax compliance<\/a> management easier for service and commodity businesses. Various indirect taxes, such as the central excise tax, service tax, VAT, entertainment tax, etc., were rolled into the GST. This huge development has made it easier to file a tax return without the challenges that were faced in the past.<\/p>\n

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