Question

what is fulform of gst​

Answer 1

GST - GOODS AND SERVICES TAX

Answer 2

Answer :

$\huge\it\red{Goods\:and\:Services\:Tax.}$

About G.S.T,

• We know that a government of any country needs money to perform its functions and the taxes are major source of revenue for a government.

• Thats why the Goods and Service Tax is a valuable source of added tax levied on most goods and services sold for domestic consumption.

• Here basically GST is paid by the consumers. but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.

For example,

• Here basically GST is a single tax on supply of goods and services. GST will eventually replace all indirect taxes levied on goods and services by the central and state governments, and is expected to liberate India of its complex indirect taxation structure.