Goods and Services Tax One Country One Tax One Market FAQs on Goods and Services Tax (GST) Question 1. What is GST? How does it work? Answer: GST is one ...
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...Goods and services tax one country market faqs on gst question what is how does it work answer indirect for the whole nation which will make india unified common a single supply of right from manufacturer to consumer credits input taxes paid at each stage be available in subsequent value addition makes essentially only final thus bear charged by last dealer chain with set off benefits all previous stages are can summarized as under business industry o easy compliance robust comprehensive system would foundation regime therefore payer such registrations returns payments etc taxpayers online transparent uniformity rates structures ensure that across thereby increasing certainty ease doing other words neutral irrespective choice place removal cascading seamless throughout boundaries states there minimal this reduce hidden costs improved competitiveness reduction transaction eventually lead an trade gain manufacturers exporters subsuming major central state complete phasing out sales cst c...