When will GST be Applicable?
GST will be implemented from the midnight of June 30, 2017 and July 1, 2017. The effect of this new tax structure will not be suddenly visible as most people will take some time to understand the differences they faced after the roll out. GST stands for Goods and Service Tax.
It may help people understand the way tax is applied on the final product after manufacturing. The department of tax has placed various products in different sections and most of them are taxed according to their need. Regular products get the least amount of tax while basic needs are even tax free.