GST - Good Source of Taxation

The  actual full-form of  GST is Goods & Services Tax but for Government of India it became a Good Source of Taxation.Because the GST Bill became a hit in Media as well as in Public, which Bought some hope in Tax cutting. It gave some relief stating that instead of Paying Tax at each Level you can pay only once at a time in State as well as Central Level.

The actual concept of GST is that - It is clubbing few taxes which are levied on manufacturing and Service  providing  companies are Clubbed and made is single window i.e Instead of paying Tax at each window in a row, Pay only once and at a time, the Tax department will decide how to and how much to be divided within the department according to the Industrial Type of Tax Payer.

For simplified understanding of GST Watch this Video