Question

GST has subsumed all the indirect taxes. Explain how GST is similar or different from indirect taxes

Answer 1

Answer:

GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage, destination-oriented tax imposed on every value addition, which managed to replace multiple indirect taxes, including VAT, excise duty, service taxes, etc.

Explanation:

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