Gst meaning: GST stands for Goods & Services

GST stands for Goods & Services Tax. It is a tax levied on the supply of goods and services in India It is one tax which is applicable all over India. Discover the definition of GST , its three key components (CGST, SGST, and IGST), and its objectives. Understand the advantages of GST , improving tax compliance, and enhancing the competitiveness of Indian businesses. The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based indirect tax levied on the supply of goods and services in India. Introduced on 1st July 2017, GST subsumes various indirect taxes such as VAT, service tax, excise duty, and others into a single, unified tax system. GST full form and meaning explained with example. Know GST meaning in various Indian languages. Discover the complete meaning of GST , its full form, and practical examples to understand its implications.