GST Made Simple: What Every Student Should Know
What is GST? A Quick Guide for Students GST or Goods and Services Tax is a single indirect tax for the whole country. It replaced multiple taxes like VAT, service tax, and excise duty. You pay GST on things like fast food, mobile phones, movie tickets, etc. Rates vary: 5%, 12%, 18%, and 28%, depending on the product. Why should you care? Because understanding GST helps you manage your spending—and it’s a must-know for anyone planning a business or career in commerce.