- Home
- Financial Dictionary
- Goods and Services Tax
Goods and Services Tax
GST or Goods and Services Tax is a single indirect tax that is applied to the goods and services you buy or sell in India. It has been designed to simplify the taxation system and make it more transparent for all, eliminating a range of indirect taxes, cascading taxes and evasion of taxes. This comprehensive tax is levied on the supply of goods and services at each stage of the supply chain, from manufacturing to consumption, based on the value addition and the destination.
Most searched / Popular terms
- Finance
- Mandate
- Regression
- Insurance
- EBITA
- Value Added Tax
- Gross Interest
- Redemption
- Stamp Duty
- Books of Account
- Fixed Assets
- Profit and Loss Statements
- Income Statement
- Interest Rate
- Prime Rate
- NACH
- Net Profit Margin
- Bad Debt
- Marginal Rate
- Bombay Stock exchange (BSE)
- National Stock Exchange (NSE)
- Input Tax
- IPO
- Annualised Returns
- Wealth Management
- Balance Sheet
- Budget
- Credit Line Vs Credit Limit
- Asset
- Co-signer
- Collateral
- House Loan
- Chargeback
- Grace Period
- Add-on Credit Card