Question

Write a reflecting essay on GSTMinimum :- 150 words. Expecting answer from brainly stars and benefactors !!

Answer 1

GST is intended to replace the existing multiple tax structures at central and state level prevailing in India. Currently goods and services are being taxed saparately in India which is cause of complexities in splitting the the value of their transactions to account for the costs of various overheads including administrations costs, compliance costs etc. GST will serve to rectify all these hindrances of the current tax structure of India.