Implemented on July 1, 2017, GST is a destination-based, multi-stage tax that replaced a fragmented system of indirect taxes, including VAT, excise duty, and service tax. It ensures value addition is taxed at every stage of the supply chain, with tax revenue accruing to the state where goods or services are ultimately consumed. Tax rates and policies are determined by the GST Council,... https://corpzoventuresprivatelimited.wordpress.com/2026/09/21/gst-penalties-late-fees-and-appeal-process-in-india-a-complete-guide/