Question

what is GST??? What are the negitive and positive aspects of GST

Answer 1

GST refers to goods and service tax . it has benn introduced by our honurable prime minister mr Narendra Modi for the right of the people and buisinessmen.
This is because sometimes due to corruption the tax does not reach the state even if paid and in some circumstances the people dont even pay taxes.
It has a very good effect on the indian economy as it generalizes all the taxes .
Some problems which will be faced are that people will have to understand this tax very thoroughly and people will have to adjust to this new system. This is one of the best moves of the BJP government as not even a single complaint has been filed against it and no opposition has said anything about this decision yet! which is a very huge achievement for the pm of our country. 

Answer 2

GST stands for goods and services tax levied by the government in a move to replace all of the indirect taxes . the main reason behind  introducing gst is to improve the economy of the nation . 

positive impacts of gstin india :
-/> gst is a single taxation system that will reduce the number of indirect taxes .
-/>gst would introduce corruption free taxation system 
-/>gsst would not be charged at every point of sale like other indirect taxes , so in this way market would be developed .

negative impacts of gst :
>>the introduction of gst in the country will empact real estate market this would increase new home buying price by 8% and reduce buyers market by 12%.
>> gst is a mystifying term where double tax is charged in the name of the single tax .
>>most of the dealers dont pay  central excise tax and cheat the government by simply giving the VAT . but now all those dealers are forced to pay GST . 


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