With the GST rollout, here are some basic things you need to know about GST
GST is a value added tax at each stage of the supply of the goods and services on the amount of value addition archived.
Businesses and traders with annual sales with above Rs 20 lakh are liable to pay GST
*Crude Oil, Diesel, Petrol, Natural Gas, and Jet fuel are temporarily kept out of GST
*Liquor is kept out of GST as a constitutional provision
Tax on interstate supply of Goods and Services with central and state government components