Question
Write a short note on Goods and Services Tax.
Answer :
Word Count : 312
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Skip in 10
Goods and Services Tax (GST) is a comprehensive indirect tax system introduced in India to replace multiple central and state taxes, creating a unified tax structure. It is levied on the supply of goods and services and is designed to make taxation simpler, more transparent, and efficient. GST is a destination-based tax, which means that the tax revenue accrues to the state where the goods or services are consumed rather than where they are produced. GST has been categorized into three main types: Central GST (CGST), State GST (SGST), and
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