Question

what is gst explain it with example

Answer 1

• GST is goods and services tax, it is indirect form of tax.
• The rates of GST are 28%, 18%, 12%, and 5%.
• It is levy on manufacture, sale and consumption of goods and services at the national level.
• It will replace all indirect tax levied on goods and services by the Indian state and Central governments.

Answer 2

Answer:

GST means goods service tax

Explanation:

we use to pay taxes for service earlier by saying sales tax, hospitality tax and if we go to movie they will say service tax etc etc... our prime minister Modi ji has been removed all those taxes and added GST on behalf of them. hope it is helpful