What is GST? How does it work?


GST is one indirect tax for the whole nation, which will
make India one unified common market.
GST is a single tax on the supply of goods and services,
right from the manufacturer to the consumer. Credits of input taxes paid
at each stage will be available in the subsequent stage of value addition,
which makes GST essentially a tax only on value addition at each stage.
The final consumer will thus bear only the GST charged by the last dealer
in the supply chain, with set-off benefits at all the previous stages.