Question

GST define in a simple words
​

Answer 1

Answer:

here is ur ans--

↘↘In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country. ... Under the GST regime, the tax is levied at every point of sale.↙↙↙

Thank you

Answer 2

Here is ua answer

⬇️⬇️⬇️⬇️

The Goods and Services Tax(GST) is a value added tax that will replace all the indirect taxes levied on goods and services by the government,both central and states,once it is implemented.

The basic idea of this bill is to create a single, cooperative and undivided Indian market to make the economy stronger and powerful

Pros of GST bill :

GST is a transparent tax and also reduce number of indirect taxes.With GST implemented a business premises can show the tax applied in the sales invoice.

GST will not be a cost to registered retailers therefore there will be no hidden taxes andand the cost of doing business will be lower.

Benefit people as prices will come downwhich in turn will help companies as consumption will increase.