Tag Archives: #TaxationExplanation

What does it mean when we say GST is a destination based tax?

Introduction What does it mean when we say GST is a destination based tax? Goods and Services Tax (GST) is a revolutionary tax reform that has streamlined indirect taxation in many countries, including India. One of its key features is that it is a “destination-based tax. ” This means that the government levies tax at… Read More »

Why is the output GST a liability?

Why is the Output GST a Liability? Introduction In the world of modern taxation, Goods and Services Tax (GST) plays a pivotal role in shaping the financial landscape for businesses. GST is a value-added tax imposed on the supply of goods and services, and it is collected by businesses on behalf of the government. One… Read More »