GST
or Goods and Services tax is the largest tax reform in India, which has
immensely eased the way of doing business as well as increased the taxpayer
belt in India by including the millions of small businesses thriving here. This
is a single tax which is a replacement of many taxes, thus it has reduced the
complexities in tax calculation. This new GST tax system comprises buying or
selling goods or providing services or both; in all the cases companies must
register for GST with few conditions.
