GST Calculation Results
Indian GST Slabs
Understanding GST
What is GST?
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It has replaced multiple indirect taxes like VAT, service tax, excise duty, etc., creating a unified tax system.
GST Components
• CGST (Central GST): Collected by Central Government
• SGST (State GST): Collected by State Government
• IGST (Integrated GST): For inter-state transactions
• UTGST (Union Territory GST): For Union Territories
GST Benefits
• Simplified tax structure
• Elimination of cascading taxes
• Better compliance and transparency
• Boost to Indian economy
• Easier business across state borders