GST Act

The Goods and Services Tax (GST) Act is one of India’s most significant tax reforms, designed to unify the country’s complex indirect tax system. Enacted in 2017, the GST Act governs the levy and collection of indirect taxes on goods and services across India, replacing multiple cascading taxes levied by the central and state governments.

https://cbec-gst.gov.in/CGST-bill-e.html

What is GST Act?

The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It applies to the supply of goods and services and aims to streamline the taxation structure in India by subsuming major indirect taxes like VAT, Service Tax, Excise Duty, and others.

Its primary objectives include:

Unification of the Indian market
Reduction in tax cascading
Improved tax compliance
Boost to revenue efficiency
Ease of doing business

Online Tax Infrastructure (GSTN)

The GST regime is backed by a robust digital infrastructure — the Goods and Services Tax Network (GSTN). This platform enables:

Ensuring Legal Compliance

Taxpayers must regularly file returns and maintain records as per the GST law. Non-compliance can result in:

Monitoring Business Conduct

The Directorate General of GST Intelligence (DGGI) investigates tax evasion, fake invoicing, and fraudulent ITC claims. Strict actions, including arrests and penalties, are taken against defaulters.