speech on Gst for 8th class girl
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It has been hailed as India's 'biggest tax reform.' After months of political wheeling and dealing, the government has won a political consensus on the much awaited goods and services tax (GST) bill, which passed in the Rajya Sabha today. The GST will create a common market for over 1.25 billion people. Here's a refresher on what it is:
What is the GST?
It's a blanket indirect tax that will subsume several indirect state and federal taxes such as value added tax (VAT) and excise duty, and different state taxes, central surcharges, entertainment tax, luxury tax and a slew of related levies by local bodies.
What is the GST?
It's a blanket indirect tax that will subsume several indirect state and federal taxes such as value added tax (VAT) and excise duty, and different state taxes, central surcharges, entertainment tax, luxury tax and a slew of related levies by local bodies.
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