Goods and Service Tax -GST

Goods and Services Tax (GST) is a significant tax reform introduced in many countries to simplify the tax system and promote economic growth. This unified tax system replaces multiple indirect taxes with a single tax, making it more transparent and efficient.GST is a destination-based tax, meaning that it is collected at the point of consumption rather than the point of origin. This ensures that the tax revenue goes to the state where the goods or services are consumed, promoting a more equitable distribution of tax revenue among states.

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