Passing on benefits of GST to consumers
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Explanation:
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. Anti-profiteering clause in GST regime has made it mandatory for all traders to pass on benefit of low price of goods and services to consumer.
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2
Answer:
The introduction of GST has helped merge the taxes of the state and central governments. This has helped remove the cascading effect of multiple taxes. Therefore, the burden of taxes has reduced for companies and customers
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