Understand India’s GST system through the 2017 IGST and CGST Acts. This guide covers the essential legal structure every business must know.
Understanding India’s Goods and Services Tax Act of 2017
The Goods and Services Tax (GST) framework in India is founded upon two key parliamentary enactments: the Integrated Goods and Services Tax (IGST) Act and the Central Goods and Services Tax (CGST) Act. Both these crucial legislative pieces were approved in April 2017. Together, they constitute the legal foundation that brought GST into existence across India. Businesses operating in the country must understand these GST laws and their implications.
Information regarding GST Rules is also available here.
