Question

write about GST bill in brief about 60 words

Answer 1

GST Bill will be a landmark towards improving the tax structure in India. Goods and Services Tax is an Indirect Tax. GST is a single tax which will be levied on both goods and services. GST Bill will convert India into an integrated market and most of the indirect taxes such as Central Excise, Services tax, Vat, Entertainment, Luxury, Lottery Tax, cess implied on goods and services and surcharge etc. will be subsumed in this single integrated tax. Now onwards, there will be only one indirect tax across whole of the country i.e. GST