what is gst & give detail
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Answered by
1
When we purchase something we pay sales tax and when we use services we pay service tax. After implementation of GST, there will be only one tax and it will be charged on both purchase and services.
Goods and Service Tax will replace following taxes:
Service Tax
Vat
Sales tax
Central Sales Tax
Excise
Entertainment Tax
Goods and Service Tax will replace following taxes:
Service Tax
Vat
Sales tax
Central Sales Tax
Excise
Entertainment Tax
Answered by
0
gst stands for goods and services tax
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