Why is gst introduced to our country
Answers
Answer:
After the enactment of various GST laws, Goods and Services Tax was launched all over India with effect from 1 July 2017. The Jammu and Kashmir state legislature passed its GST act on 7 July 2017, thereby ensuring that the entire nation is brought under a unified indirect taxation system.
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Answer:
One of the main reasons for GST being introduced in India is the tax burden that falls both on companies and consumers. ... GST will integrate most taxes into a single one, that will be applied to the sale and purchase of goods and services, with deductions fo
Explanation:
GST was brought in as a revolutionary change and India's biggest tax system overhaul since Independence. GST replaced a plethora of indirect taxes such as states' sales tax, service tax, excise, etc., with a single central tax regime applied uniformly on all products and services.