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Goods and Services Tax (GST)-
Goods and Services Tax (GST)-
GST is a single tax on the
supply of goods and services, right from the manufacturer to the consumer. GST
Law has replaced many indirect tax laws that previously existed in India. Goods and Services Tax (GST) is an indirect tax reform which
aims to remove tax barriers between states and create a single market. Credits of input taxes paid at each stage will be available
in the subsequent stage of value addition, which makes GST essentially a tax
only on value addition at each stage.
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