GST or Goods and Services Tax Infographic!

Go through the Infographic depicting GST or Goods and Services tax,Features of GST and the sectors those have gained or not from passing of GST Bill :

For additional details on GST you can go through our popular blog post : GST or Goods and Services Tax in India – An Overview !

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Tags: dual system GSTGoods and services taxGSTGST BillGST ImpactGST IndiaGST InfographicInfographic GST

Harleen Kaur: Harleen Kaur is a Chartered Accountant (ICAI), qualified in 2009, and the founder of Fintrakk. With over 8 years managing finance and accounts and more than 10 years writing personal-finance and investing content for Indian readers, her work is known for being in-depth and well-researched, grounded in primary sources. Harleen also brings 2+ years of experience building technology products.

View Comments (4)

Zaiya says:

March 15, 2017 at 5:40 pm

Great infographic on GST, thank you again for writing.
Lisa says:

December 10, 2016 at 7:04 pm

Hi admin ! I read your articles everyday and I must say
you have very interesting posts here. Thanks for great info.
admin says:

October 2, 2016 at 9:31 am

Hi Deven,It will be termed as GST and not VAT.
GST will have the following impact on garment sector :
1.Uniform tax rate throughout which is yet to be decided.
2.Goods movement from one state to other will become easy since a lot of taxes will be removed.
3.Manufacturing costs shall be reduced that will directly affect the garment industry.
4.Warehouse and logistic costs shall be reduced.
But,the rate of GST is the actual deciding factor,whether it is low or high.If it is high than the present rate of taxes on garments,it might negatively impact the garment sector.
Deven says:

October 2, 2016 at 6:10 am

What effect willbr on ready-made garment sector ?
As VAT will be in effect from 2017-2018