Economy, asked by redneckgal6254, 2 months ago

how is GST helping in reducing or avoiding cascading effect

Answers

Answered by ranjnamishra3800

1

Answer:

There is a long list of benefits, which are being claimed as a result of GST law and one such benefit is the removal of the cascading tax effect. In simple words “cascading tax effect” means a tax on tax. It is a situation wherein a consumer has to bear the load of tax on tax and inflationary prices as a result of it.

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