Question

gst speech in one minute

Answer 1

GST or Goods and Service Tax, is a value added and delivery tax. This means the tax is being levied at the delivery stage and not the manufacturing stage. Implementation of GST will result in easy calculation of tax, ease of doing business in the market as good will be transported freely within a nation which will further lead to more development and rise of GDP. It has recently being implemented in India, where it subsumes many taxes into one tax. This will help India rise tremendously as an economy and attract a lot of foreign investment.