Business Studies, asked by sriharinisenthi3996, 10 months ago

What is GST according to business studies

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Answered by Anonymous

Answer:

The goods and services tax (GST) is an indirect federal sales tax that is applied to the cost of certain goods and services. The business adds the GST to the price of the product, and a customer who buys the product pays the sales price plus GST.

Answered by ImpressAgreeable4985

Goods and Services Tax is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.

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