Question

explain the term GST its advantages and disadvantages tax slabs and illustrate the topic with 10 examples​

Answer 1

GST - Goods & Service Tax

Step-by-step explanation:

GST - Goods & Service Tax

Advantage of this tax is that  earlier their used to be different taxes'VAT , , State Tax , Local Tax , Service Tax , Octroi etc.

and it used to cause Tax complications & double taxation also

To avoid all those hurdles , GST has been implemented

GST - SGST , CGST , IGST

SGST - State GST

CGST - Central GST

IGST - InterState GST

Slabs  - 5 %  , 12 %  , 18 %   & 28 %

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