GST Made Simple - Explicitly For Your Information!

India’s comprehensive indirect tax system introduced in 2017 to unify multiple central and state taxes into a single framework.

India’s comprehensive indirect tax system launched in 2017, replacing multiple cascading taxes with a unified structure to streamline taxation nationwide.

The apex decision-making body that determines GST rates, rules, and policies, ensuring coordination between the central and state governments.

The primary legislation governing the levy and collection of GST by the Central Government.

A core feature of GST allowing businesses to claim credit for tax paid on purchases, preventing double taxation and reducing overall tax burden.

Regulates taxation on inter-state supply of goods and services, ensuring seamless credit flow across states.

The portion of GST collected by the Central Government on intra-state transactions.

The IT backbone of GST, enabling registration, return filing, tax payments, and compliance through an online portal.

The portion of GST collected by State Governments on intra-state sales, complementing CGST.

Levied on inter-state transactions and imports, ensuring seamless tax credit flow across state borders.

A unique 15-digit registration number assigned to every GST-registered business for tax compliance and tracking.

A monthly summary return that businesses must file to declare tax liabilities and claim input tax credit.

An electronic document required for the movement of goods beyond a specified value to prevent tax evasion.

A detailed monthly or quarterly return capturing outward supplies, essential for matching invoices and ITC claims.

A simplified taxation scheme for small businesses offering lower tax rates with reduced compliance requirements.

An electronic document required for the movement of goods above a specified value, aimed at curbing tax evasion and ensuring compliance.