What is Gst
(Explain in brief )
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yasha444:
GST is a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by states and Central.
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GST means (GOODS AND SERVICES TAX).
In GST value added tax that will replace all the indirect taxes lieved on goods and services by the government both central and state once it is implemented.
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In GST value added tax that will replace all the indirect taxes lieved on goods and services by the government both central and state once it is implemented.
Thanks hope it will help you
PLZ MARK AS brainliest plz mark
Answered by
1
Good Service Tax
The Goverment Of any country needs money for its functioning and taxes are major source of revenue for a government. the taxes thus collected are spent by government on the public
These taxes are broadly classified into wo types:- Direct tax & indirect taxe
Direct Tax :- direct tax is imposed on the income of an individual.the amount of tax payable varies on the income earned by the individual from various sources such salary, house rent etc.
Indirect Tax :- it is imposed on goods and services which in turn (increase of cost MRP)of goods and services,
indirect tax should be borne by the end customer rich and poor alike
The Goverment Of any country needs money for its functioning and taxes are major source of revenue for a government. the taxes thus collected are spent by government on the public
These taxes are broadly classified into wo types:- Direct tax & indirect taxe
Direct Tax :- direct tax is imposed on the income of an individual.the amount of tax payable varies on the income earned by the individual from various sources such salary, house rent etc.
Indirect Tax :- it is imposed on goods and services which in turn (increase of cost MRP)of goods and services,
indirect tax should be borne by the end customer rich and poor alike
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