GST | Beginners guide | Origin | Working | VAT | CGST | SGST

GST is tax on expenditures. It is indirect tax. It is consumption tax meaning thereby this tax shall be recovered from that person who consumes either goods or services. The tax shall be collected by that Govt. where it is being consumed. The origin of GST can be traced to VAT. VAT not being a tax is method of collection of tax. Tax is sales tax which is of three types a. Single point sales tax b. Multiple point sales tax i. First point ii. Last point There are three method of collection of tax a. Addition method b. Subtraction method c. ITC method.