Para 14.2 — CAM

14.2 GOODS AND SERVICES TAX (GST) 14.2.1. GST: The Goods and Services Tax (GST) was rolled out with effect from 1st July 2017 across the country (for Jammu and Kashmir w. e. f. 8th July 2017). GST is a tax on supply of goods and services and a single tax on entire value chain of supply, from the manufacturer to the consumer. Credit of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.