Question

what are the reason of having multiple tax rate and what are the possible advantage and disadvantage of multiple tax rate ​

Answer 1

Answer:

GST is levied only on the value of the good or service. • Abolition of Multiple Layers of Taxation : One of the advantages of GST is that it integrated different tax lines such as Central Excise, Service Tax, Sales Tax, Luxury Tax, Special Additional Duty of Customs, etc.

Explanation:

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