Goods and Services Tax (hereinafter referred to as
"GST") is a single tax on the supply of goods and
services. It is single uniform tax process which has subsumed a
number of previous multiple tax regimes including excise duty,
additional excise duty, service tax, value added tax, sales tax,
octroi, luxury tax, etc.
Levied at Centre (CGST) as well as State (SGST) levels, GST
accrues to the taxing authority under whose jurisdiction the
product is consumed or supplied.
Filing of Returns
A taxpayer is required to file a document with the
administrative authority which is commonly known as a
"return". Various types of returns under GST include the
Monthly return, Return for Composition Scheme, TDS return, Return
for Input Service Distributor Annual return.
