why are only final goods and services counted
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Answered by
65
Heya !!
Here is your answer.
Only final goods and services are counted because final goods and services are made of the initial things. For example - biscuits are made up of wheat and if we will calculate then it will be added twice.
That's the reason we only calculate the value of final goods and services only.
# Gudiya
Hope it helps !!
Here is your answer.
Only final goods and services are counted because final goods and services are made of the initial things. For example - biscuits are made up of wheat and if we will calculate then it will be added twice.
That's the reason we only calculate the value of final goods and services only.
# Gudiya
Hope it helps !!
Answered by
28
*Hi mate*
Final goods and services are only counted because it's just the product of the the primary goods and services.
All the primary goods for example
If you buy a jam bottle the MRP will include the cost of the primary source needed to make the jam and the cost of the finishing touch
(such as putting the content in a glass jar) given by the industries...
Hence this prevents the double counting of the same product twice and saves a lot of time and effort in knowing the GST...
Besides those GOODS AND SERVICES which reaches the consumers is what really counts..
HOPE THE KNOWLEDGE HELPS YOU IN YOUR DAILY LIFE...
REGARDS..
Final goods and services are only counted because it's just the product of the the primary goods and services.
All the primary goods for example
If you buy a jam bottle the MRP will include the cost of the primary source needed to make the jam and the cost of the finishing touch
(such as putting the content in a glass jar) given by the industries...
Hence this prevents the double counting of the same product twice and saves a lot of time and effort in knowing the GST...
Besides those GOODS AND SERVICES which reaches the consumers is what really counts..
HOPE THE KNOWLEDGE HELPS YOU IN YOUR DAILY LIFE...
REGARDS..
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