Question

short essay on GST.........

Answer 1

GST stands for Goods and Services Tax levied by the Government in a move to replace all of the indirect taxes. The main idea behind introducing GST is to improve the economy of the nation. A single undivided Indian market would strengthen the economy and make a nation, powerful as well.

The Introduction of GST in the country has both the positive and the negative impact.
There are approx. 140 countries where GST has already been implemented. Some of the popular countries being Australia, Canada,Germany, Japan, and Pakistan, to name a few. Implementation of GST impacts a nation both ways, positively and negatively. Ignoring negative aspects, positive aspects can be taken into consideration, in order to improve the economy of the country.

Answer 2

Goods and Services Tax (GST) is an indirect tax (or consumption tax) imposed in India on the supply of goods and services. It is a comprehensive multistage, destination based tax. ... The tax replaced existing multiple flowing taxes levied by the central and state governments.