Question

write on article on any topic 120 words

Answer 1

Answer:

Explanation:

GST stands for Goods and Services Tax levied by the Government in a move to replace all of the indirect taxes. The main idea behind introducing GST is to improve the economy of the nation. A single undivided Indian market would strengthen the economy and make a nation, powerful as well.

The Introduction of GST in the country has both the positive and the negative impact.LET US FIRST FOCUS ON THE POSITIVE IMPACT OF GOODS & SERVICES TAX: GST is a single taxation system that will reduce the number of indirect taxes. Earlier, indirect taxes were charged as central

excise, VAT, service tax, etc. From now, a single taxation term would

cover all of those indirect taxes. The Prices of products and services would reduce so this system would prove to be beneficial for the people who are

fed up of paying huge prices. This would reduce the burden from the state and the central government.