In brief : What is Good and Services Tax (GST)?

8 months ago SANJEET DWIVEDI 0

Good and Services Tax(GST) is one indirect tax reform introduced to make India one unified common market.

Good and Services Tax(GST) is a tax only on value addition done at each stage of good and services supply from the manufacturer till the consumer.

The final consumer will bear the good and services tax for the last dealer’s service in the supply chain.

GST is being introduced based on the report of the Kelkar Task Force on indirect taxes.

 

 
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