Get Known about GST
GST stands for (Goods and Service Tax) for most of the country such as Australia, Canada, Hong Kong, India, Malaysia, New Zealand and Singapore, but in as we know USA they like to keep themselves unique with others so they call (GST Generation-Skipping Transfer Tax). In India (GST) Goods and service Tax is divided in five parts 0%, 5%, 12%, 18%, and 28%. This Tax does not implement on Alcoholic Drinks and Petroleum Products (Petrol, Diesel etc.) as they have are separately taxed, depend on States and state governments. If you are buying house, land or property then on that you have to pay highest GST which is 28%, this same rate will go for aerated drinks, luxury cars, and tobacco products. This came under implementation in India from 1 st July 2017. As GST percentage was divided into 5 parts due to which it was initially giving so many issues to people due to which Gst software or Gst billing software came in the picture to easy the GST calculation...