GST stands for Goods and Services Tax, an indirect tax that applies to the production, sale, and consumption of goods and services in India. Learn about the history, objectives, and structure of GST , and the taxes it has replaced or subsumed. What is the Full form of GST ? The full form of GST is Goods and Service Tax. GST is a single, indirect tax levied by the Indian Government. It may be one of the country’s most significant tax reforms. The full form of GST is Goods and Services Tax. It is an indirect tax giving system that is applicable in India this value-added tax levied on most of the goods and services that are sold for domestic consumption. Know more about GST at Vedantu.com GST, or Goods and Services Tax , is an indirect tax imposed on the supply of goods and services. It came into effect on 1st July 2017, replacing multiple indirect taxes, like VAT, excise duty, and service tax. GST is levied at each stage of the supply chain and is designed to allow seamless input tax credit at every level.
