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What is GST and how does it affect the common people and the country? I need a sensible and understandable one plz
Answers
Answered by
2
Hii friend,
=> Full form of GST:
Goods and service tax.
This tax is applied indirectly on manufature, sale and consumption of goods services. It replaces VAT and service tax.
IMPACTS OF GST:
=> Prices of choclates, shampoos, and small cars will be decreased.
=> Prices applied when you eat in restaurants will also be decreased.
=> Prices of luxury cars, tobacco, beverages and textiles will be increased.
HOPE THIS HELPS YOU :)
=> Full form of GST:
Goods and service tax.
This tax is applied indirectly on manufature, sale and consumption of goods services. It replaces VAT and service tax.
IMPACTS OF GST:
=> Prices of choclates, shampoos, and small cars will be decreased.
=> Prices applied when you eat in restaurants will also be decreased.
=> Prices of luxury cars, tobacco, beverages and textiles will be increased.
HOPE THIS HELPS YOU :)
wvaish:
Its affects
yeah I edited my answer
hope it helped you
Thank u for tht
And...can I know how will the increase or decrease of prices will be decided by gst???
Answered by
5
Answer:
You can partly verify GSTIN or GST number on the first look of it by checking if the vendor's PAN number matches with the digits between 3 and 10 in the GSTIN. Use the ClearTax GSTIN verification tool and GSTIN Validator to verify GSTIN or verify GST number in jippy! Know more about GST, Goods and Services Tax Laws.
Explanation:
10thanks plzz
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