Question

Explain the tern wo G
S.T
Demonetisatien​

Answer 1

Answer:

Demonetisation means an act of stripping the legal tender status of currency units. It happens whenever there is a change of any national currency. It involves the withdrawal of the current form or forms of money from being circulated usually replaced with new notes or coins. Seldom, a country entirely replaces the old currency with new currency.

Answer 2

Answer:

1)Explain the term Demonetization.

Answer-Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins.

2)Explain the term GST.

Answer-The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.