A Complete Guide to Goods and Services Tax (GST) Compliance for Indian Businesses – Powered by Corpzo
Introduced in July 2017, the Goods and Services Tax (GST) has become the backbone of India’s indirect taxation system. Designed to unify multiple state and central levies into a single tax regime, GST has simplified taxation for businesses while also increasing the need for structured compliance. At Corpzo , we help Indian businesses navigate GST compliance efficiently and stay ahead of regulatory obligations. Understanding GST: A Quick Overview Goods and Services Tax (GST) is a comprehensive, destination-based tax levied on the supply of goods and services. It replaced various indirect taxes like VAT, service tax, excise duty, etc., thereby simplifying the tax structure and enabling seamless input tax credit across the supply chain. There are three major types of GST: CGST (Central GST) – Levied by the Central Government on intra-state sales. SGST (State GST) – Levied by State Governments on intra-state sales. IGST (Integrated GST) – Levied by the Central Govern...
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