As per new analysis report; Indian households are paying a tax of 510 INR on spends of 8400 INR monthly as compared to 830 INR in pre GST era. Overall it results into a saving of 320 INR. This survey has been done on various necessary household items. Tax rates of over 83 items have come down after implementation of GST in India.
GST came into effect on July, 2017 which amalgamated over 17 different taxes levied both at state and central levels. It has lowered taxes on various commodities and has made Indian tax system more uniform and consistent.
Leverage the benefits of GST registration for business.
Enquire for any tax preparation service.