GST, or Goods and Services Tax, is a unified tax system implemented in India to streamline the taxation process. It replaced multiple indirect taxes with a single tax structure, aiming to eliminate cascading effects and improve tax compliance. GST applies to the supply of goods and services across the country, categorized into four tax slabs: 5%, 12%, 18%, and 28%. This comprehensive tax reform has simplified tax administration, enhanced transparency, and contributed to the growth of the Indian economy. Individuals seeking to understand and comply with GST regulations can benefit from GST Training in Chennai, offered by FITA Academy, which provides comprehensive education on GST laws and procedures.
Best GST Training Institute
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