Question

What is G.S.T? How is it useful for the country?

Answer 1

GST stands for goods and service tax.
it a tax which is introduced by government of India in place of SAT and VAT.
it is of two types CGST and SGST.
it has helped the country lot in growing its economy and managing the money.
pls mark as brainliest

Answer 2

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.

USES:

It will increase revenue by taxes but keeping cost of the products more or less the same by hitting tax evaders.

Promote fair business

This is major tax reform and completely online and hence a big relief to businessmen from inspectors / papers.

Tax structure in match with international pattern, hence more jobs abroad for Indian tax experts.

Very simple to understand taxes now on any product.

Tax burden only on end consumers.

Exports zero rated in reality.