Question

INFORMATION ON GST( goods and services tax) please give me answer:-):-):-):-):-):-):-):-):-)

Answer 1

Constitutional Amendment Bill on Object and Service Tax (GST) has been introduced in the Lok Sabha on Friday after getting Cabinet approval. With this, the road to implementing GST across the country has become easy.
GST is believed to be the most important economic recovery of this decade. After the GST is implemented, all taxes, which are separate on goods and services, will be included in the same tax.

This will make the prices of goods and services almost in the whole country. Manufacturing costs will decrease, which will make the goods cheaper for consumers.

This new arrangement of indirect taxes will benefit the economy of 60 lakh crore. Presenting GST, the analysis of the lamp board on its journey and the possibility of further so far.

What is GST ?
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GST is a VAT that will look at both goods and services. In the current round, VAT applies only to items. GST will look at two levels.

There will be a central GST, while the second state's With this, the whole country will be transformed into a unified market and mostly indirect taxes will be included in GST.

Answer 2

GST is a tax that we need to pay on supply of goods & services. Any person, who is providing or supplying goods and services is liable to charge GST.