GST in India: Exploring Its Types, Objectives, and Impact

Initiated in 2017, India's Goods and Services Tax reform replaced multiple indirect taxes with a unified framework. This guide explains GST's types—SGST, CGST, and IGST—its objectives, and distinct applications, ensuring enhanced revenue collection and streamlined compliance. It highlights exemptions and clarifies taxpayer obligations, providing stakeholders with a comprehensive understanding of the evolving tax landscape.