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  What is GST and How was It Introduced In India? KNOW THE ALL ABOUT GST Of late, there was a lot of hype about GST, the latest taxation reform introduced by Indian government to amend the prevailing tax system. This brought a sense of commotion and uncertainty among the common public, simply because the concept and the benefits were not understood. In this segment we are going to discuss each every aspect related to GST in an easy to understand and relatable language. FIRST OF ALL, LET US TRY TO UNDERSTAND THE TERM GST Going by the name; GST-Goods and Services Tax, is a single unified form of tax, which levies upon all goods and services. All trades and people involved in give and take of goods and services, will now pay GST, instead of getting entangled in many different forms of taxes, levied in different businesses in different forms. GST replaced many direct and indirect taxes, which were earlier in practice, and thus simplified the taxation procedures to a great deal. The pro...

 "Money", as we know it, has evolved over time. It has undergone a lot of changes over the course of human evolution. It changed many faces as per the prevailing circumstances, conditions, rules and laws thereof. First form of money, as we all might know, was the barter system initiated hundreds of years ago. Barter System went for quite a long time before actual money in form of silver and gold coins was introduced as part of the global currency, throughout the world. The graduation to cash as a form of currency happened as early as in the 11th century in China! Even though a few other civilisations adopted the idea of the cash, it gained popular support sometime in 1600s in Spain and slowly spread across the world. The worldwide acceptance of notes and coins as a form of currency happened in the 18th century and has remained a major part of our life till today. However, the advancement in technology and changing needs of the global population required a change in the way mo...