Question

What does gst stand for ? Is it beneficial for customers and traders ? Give reasons for your answer ?​

Answer 1

Answer:

GST stands for goods and service tax . It is the tax that is put on an object/thing that a customer buys. It is a single tax collected for all the services and removes the cascading effect of taxes .Hence it is advantageous to both the government and the common man.For the comon man ,the price of commodities will be less and for the government-gst will be useful for creating a single market in india due to elimination of different taxes collected by various people.

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