GST full form is Goods and Services Tax. It has been introduced to replace multiple indirect taxes levied by the State and Central Government in India. This has simplified the indirect taxation system. Various indirect taxes subsumed in GST are :
- VAT
- Sales Tax
- Service Tax
- Entertainment tax
- Octroi
- CVD
- etc
By amalgamating a large number of Central and State taxes into a single Tax GST has emerged out as biggest taxation reform in the economy post independence.
Being an indirect tax GST is inclusive in the MRP of goods purchased or fee of service paid by a person. GST is a comprehensive tax structure covering both goods and services viz. Goods and Services tax (GST). Simultaneous introduction of GST at both Centre and State levels has integrated taxes on goods and services for the purpose of set-off and ensure that the cascading effect of taxes is resorted to. Especially in cases of earlier existed
- CENVAT and
- service Tax
Know GST in your Language
| S No | Language | GST full form in Various Languages |
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| 7 | GST full form in Kannad | ???? ????? ?????? ?????? |
| 8 | GST full form in Telegu | ????????? ????? ??? ????? |
| 9 | GST full form in Tamil | ????????? ??????? ??????? ??? |
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| 11 | GST full form in Urdu | ????? ??? ???? ???? |
| 12 | GST full form in Nepali | ????? ? ???? ?? |
| 13 | GST full form in Arabic | ????? ????? ???????? |
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