Understanding GST in India
A complete guide to Goods and Services Tax for Indian businesses and freelancers
What is GST?
The Goods and Services Tax (GST) is India's unified indirect tax system implemented in 2017, replacing multiple state and central taxes.
Business Benefits
Simplified compliance, input tax credits, and elimination of cascading taxes make GST beneficial for SMEs and freelancers.
GST Rates
Four primary slabs (5%, 12%, 18%, 28%) with special rates for essential goods and luxury items.
Key Features of GST
For Businesses
- Single tax system
- Input tax credit
- Online filing
- Pan-India validity
Registration Threshold
Mandatory for businesses with ₹40L+ turnover (₹20L for special states)