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Taxes

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Taxes – A compulsory contribution to state revenue, levied by the government on workers’ income and business profits or added to the cost of some goods, services, and transactions.

What are Advantages and Disadvantages of GST?

What are Advantages and Disadvantages of GST - ilearnlot
Learn and Understand, What are Advantages and Disadvantages of GST? Implementation of Goods and Services Tax (GST) was one of the long-awaited fiscal reform and due to various reasons it…
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What is GST (Goods and Services Tax) - ilearnlot
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  • 4 min

What is GST (Goods and Services Tax)?

Learn and Understand, What is GST (Goods and Services Tax)? First, take analysis GST Full Form is Goods and Services Tax. The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government. Also learn, the Concept of Financial Decisions, What is GST (Goods and Services Tax)?
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