What is the full form of GST ?

Answer:

Gst Definition: GST Full Form: Goods and Services Tax

Gst Description:
GST meaning or Full for is Goods and Services Tax.
GST i.e. Goods and Services Tax is the indirect tax levied in India on goods and services.
GST makes the whole process of tax on goods and services easier and ensures that the tax on goods and services should be uniform in every state of India so that the cost of any goods is almost the same in the whole of India.


GST tax has been made such that it is charged at the consumption point and not at the originpoint
Many people are involved in the process of manufacturing and selling any item, such as a manufacturer, wholesaler, retailer and consumer.
Under the GST process, the tax has to be paid at every stage, such as when the manufacturer sells the goods to the wholesaler, the wholesaler will pay the tax. At the same time, when the wholesaler sells the goods to the retailer, the retailer will pay the tax and finally consumer.
But all the people except the consumer get tax returns.


Before GST in India, every state imposed different service tax on every good, which was called VAT.
This process had two disadvantages-
That is why India needed a tax system in which there should be a uniform tax system in the entire country.
GST has today made the entire indirect text process very easy and almost eliminated tax evasion.
There is a provision of 4 types of GST tax in India.
What goods and services will be levied in India, it is divided into four slabs.
Some goods are excluded from GST, and in future they are also said to be included in GST.
some key benefits of GST are as follows-
GST- Goods and services Tax
GST- General Set Theory
GST- Galactic Standard time

Similar Full Forms-
GDP Full Form