Category: Basics
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Taxes Replaced under GST in India| With exceptions
Before understanding which taxes have been replaced by the GST in India, let us first understand the taxation system in India. The Indian taxation system is classified into two parts namely Direct Taxes & Indirect Taxes. Direct tax is collected by Central Government. Whereas Indirect Tax used to be collected by the Central and State government & local bodies. […]
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Beginner’s Guide to understand GST Basics, Framework, Rates etc
New to GST Law? In this post, we will cover the basics, which will help you develop an understanding of the GST Law in India. This comprehensive guide will cover- Contents :- What is GST? What is the date from which GST came into force in India? What is the purpose of bringing GST in India? […]