Question

what is gst..and its feature..?
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Answer 1

Explanation:

Goods and Services Tax meaning: GST, or Goods and Services Tax, is a tax that customers have to bear when they buy any goods or services, such as food, clothes, items of daily needs, transportation etc.

Features of the new Goods and Service Tax (GST) System. The Goods and Services Tax, or GST is a major indirect tax reform introduced in India by integrating the major indirect taxes of the centre and states. It is a comprehensive tax levied on the manufacture, sale, and consumption of goods and services.

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Answer 2

GST stands for -“Goods and Services Tax”.
The 4 main features of GST are:-
•Single Indirect Tax
•Input Tax credit System
•GST composition scheme
•Four-tier tax structure