Accountancy, asked by smiridhi, 1 year ago

explain one Nation one tax

Answers

Answered by virat096
1
at presenet gst tax is

smiridhi: Then definition of gst and one nation one tax is same??
virat096: hoo so
virat096: one nation one tax means that in aal country only one tax should be appleisd
smiridhi: Okk... Thanks
virat096: ho its ok
Answered by sujiritha95
1
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017.

GST is one indirect tax for the entire country.

definition of Goods and Service Tax – “GST is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.”

Under the GST regime, the tax will be levied at every point of sale. In case of intra-state sales, Central GST and State GST will be charged. Inter-state sales will be chargeable to Integrated GST.


Hope its useful ..!!!


sujiritha95: pls mark it as brainliest answer
smiridhi: Thanks
sujiritha95: give me 5 stars
sujiritha95: thank u
Similar questions