Tag Archives: GST Explained

What GST Means for India? Explained – Tax Rate, Benefits and Impact

what-is-gst

After Demonetization, the top trend that has been on every Indian’s mind is GST or Goods and Service Tax. Key question has been to understand what GST means. This indirect tax policy change is expected to be a game-changer for the country. Looking at unification of Tax Rates across states and providing benefits that reaches all citizens is one of the key benefits of GST. This bill has been in the talks for years but its only now that we are closer than ever to have it see the light of the day. With any new government policy, there comes a wave of questions, confusions and doubts. In this blog post, eWebBuddy tries to simplify and explain the various aspects of this new tax reform for India.