Goods and Services Tax (GST) is a unified taxation system to be implemented by the Government of India from the 1st July 2017. The Goods and Services Tax is intended to replace all the taxes levied by the central and state governments in various forms i.e. excise, sales tax, VAT, entertainment tax, luxury tax etc. The bill for the implementation of the Good and Services Tax law has been passed by the parliament of the nation by ‘142’ constitution amendment...
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