E-WAY BILL
goods associated Services Tax (GST) is a revenue enhancement (or consumption tax) obligatory in the Asian nations on the availability product|of products} and services. it's a comprehensive period of time, destination primarily based tax. Comprehensive as a result of it's subsumed most the indirect taxes except few. Multi-Staged because itis obligatory at each step within the production method, however, is supposed to be refunded to any or all parties within the numerous stages of production apart from the ultimate client. And destination primarily based tax, because it is collected from the purpose of consumption and not the purpose of origin like previous taxes. Goods and services area unit divided into 5 tax slabs for an assortment of tax - third, 5%, 12%, eighteen and twenty-eighth. However, crude products, alcoholic drinks, electricity, aren't taxed below GST and instead area unit taxed singly by the individual state governments, as per the previous tax regime.[cita