Economy of Gujarat: Difference between revisions

The tax came into effect from 1 July 2017 through the implementation of the [[One Hundred and First Amendment of the Constitution of India]] by the [[Indian government]]. The GST replaced existing multiple taxes levied by the [[Govt of India|central]] and [[States of India|state]] governments.

It an [[indirect tax]] (or [[consumption tax]]) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.

== Energy ==