Question

Want an essay on the topic

'GST:How will it work in India'

Answer 1

hey friend! here is your answer-
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First of all, Goods and Services Tax (GST) is the full form of GST. 
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The GST is paid by consumers but is provided to the government by selling things or goods. GST is a tax basically based on Destination principle for India. It is collected on basically services for valued goods.
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 it was introduced in the constitution by members who wrote it. if you have to go and deliver your goods in another states so the state of yours will take the GST from you for import of goods. ___________________________________________________ _______________________________________________________________________ _____________ 
also known as input tax at state level. [it is a indirect tax]. they are taken for Purchase Tax or Luxury tax. it is dived into SGST and CGST. it is levied by the central and state governments.
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It is applicable on lotteries, advertisements, selling or purchase or goods at nation level and many more.
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it is the biggest source of indirect tax in India.
example- like a manufacturer buys raw material then he has to pay it.
then who buys it adds his money to it in form of gst
then who purchases it he also gives gst in form of vat.
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to find out the gst we find it by dividing it by 11 a rule made by department of gst.
gst is divided to output and input tax tooo.
input tax is given to iras department and output to gst department only.
France was the first country to introduce GST to other countries.
and from that day at-least 160-165 countries have been using gst.
france also introduced vat tooo us also.
there is value added tax and central sale tax tooooo.
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hope it helps. please mark it brainliest.
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