Business Studies, asked by Mehermalhotra2168, 1 year ago

On what basis states have been granted power to impose gst

Answers

Answered by aahanaraø
1
It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.

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