Let's Know More And Must About GST

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A new tax system has come into effect in the country India. On Friday night, President Pranab Mukherjee and Prime Minister Narendra Modi launched GST at the historic celebrations of Parliament. That is what Prime Minister Modi named it Good and Simple Tax.

So today we are going to tell you some similar facts associated with this, from which you will know what has changed after GST. Let's take a look.

1. GST i.e. Goods and Services Tax has been started and India has joined the countries in which sales tax is applicable at the national level. 

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2. With the introduction of GST, many taxes have also been penalized in the country and at the level of the Center and states.

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3. Four rates of GST are 5, 12, 18 and 28%. Along with grains, many things have made tax free.

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4. Finance Minister Arun Jaitley said that GST was a tax and a market dream of a nation which has completed.

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5. GST is being considered as the biggest tax reform in the country after independence, which is also being given the name of economic revolution.