The Goods and Service Tax is one of the biggest pecuniary reforms in India since from Independence. The big question for everyone is that what will be the benefits of GST in India? All businesses, whether it is small or large, will be affected by the implementation of GST Regime in India.
GST will be levied separately on both goods and services. The GST has replaced all indirect taxes such as excise duty, custom duty, VAT, service tax and so on.