GST Full Form: What Is GST And What Are Its Types

Today we are telling you about GST, what is GST Full Form and what it is, and how we can fill GST. In today's article, we are going to tell you information about GST. If we know about it, but do not know what is the full name of GST, then all people need to know the full name of GST because many times in the future we need information related to it.


WHAT IS GST AND WHAT ARE ITS TYPES

As you must be aware that GST is an indirect tax that was levied on many services and goods. GST was implemented by Prime Minister Narendra Modi at 12 midnight on Friday in all other states of India except Jammu and Kashmir.


If you do not have information about GST, then today we are going to tell you what is GST Full Form is and complete information about GST


GST FULL FORM


What is the full name of GST, we tell you about it so that you can know its full name.


GST FULL FORM – GOODS AND SERVICE TAX


According to the Indian Constitution, the state government of all the states had the right to levy tax on the sale of goods and products and the central government used to levy tax separately on the production of services and goods,


due to the different service taxes of the state government and the central government, the tax process had become very complicated and very confusing, to make it easy, GST was launched in India, in which only one tax is levied on all goods in the whole of India.


WHAT ARE THE TYPES OF GST


There are three types of GST.


  1. State GST
  2. Central GST
  3. Integrated GST

-: State GST is implemented by the state government.


-: Central and Integrated GST are implemented by the central government.


WHAT IS GST


This is a tax levied on different things in India, if we take any goods from the market or buy any Vastu [ THINGS ], then we give its value as before and the shopkeeper also from the market and any company from the market. Buying the product in the same way, but just the way of texting it has been changed to a great extent.


WHAT IS TAX


Most people know about tax, but many people are not aware of it. Tax is always of two types, direct tax, and indirect tax.


Direct Tax – The number of people paying this tax in India is very less because not all people do jobs etc and not all people are businessmen who can fill the tax, only an estimated 4% of the people fill direct tax in India.


Indirect Tax – This tax has to be paid to all the people or is taken from everyone because if you buy any goods etc., then the tax money is already added to it and if you buy those goods, then you will have to pay for the goods money. Along with this, tax money is also taken which is associated with the price of the product.


You do not have to pay the indirect tax directly to anyone, but it is taken with goods, etc.


CENTRAL EXCISE TAX


This tax is taken by the Central Government and not by the State Government and when any goods are made in a company or factory, then its tax is taken, adding to which the price of those things becomes slightly higher.


SALES TAX


If any person sells any goods, then the tax charged from that seller is the sales tax as if someone with a mobile shop is selling a Samsung phone, then the government takes the tax for selling that phone, which the shopkeeper or salesman has to pay. is.


It is usually taken by the state government itself, but if you sell any goods outside any state, then the central government can also take this tax.


Apart from these, many different types of taxes are imposed in India, some of which are the main ones, of which every Indian needs to be aware.


Calculation – 


We have given you information about what is GST Full Form is in this article, we hope you must have liked the information given about it, if you want to ask any question about it, then you can ask by commenting. If the information is useful, then do share it also.


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