Indian GST Act

The Indian Goods and Services Tax (GST) Act is a comprehensive indirect tax law implemented in 2017 that replaces many previous state and central taxes. It creates a unified tax structure for goods and services across India, promoting smoother interstate trade. GST is levied at each stage of the supply chain, with businesses eligible to claim input tax credits, reducing overall tax burden. It aims to simplify tax compliance, increase transparency, and boost economic growth by integrating the country’s vast market into a single, seamless tax system.