The Goods and Services Tax (GST) is a system of taxation which merges many individually applied indirect taxes levied by the central and state governments. Earlier, taxes were levied and collected at various points in the circulation of products and services within the country. GST merges all into a single tax. On the one hand, food grains, milk and other articles of daily use are set to become more affordable after full exemption of taxes. On the other hand, some products and services like your mobile phone bills are set to rise in the days to come after a three percentage point rise in indirect tax.
It is necessary for businesses to understand the proposed GST law, Frame pricing strategy and many things more about it. We help you to know all the GST related queries of yours, straight from the registration itself.