What is the main purpose of GST?
The Goods and Service Tax (GST) is a comprehensive value added Tax on the supply of Goods and services. GST will replace all the indirect taxes (like Excise duty, VAT, CST etc.) levied on goods and services by Government once it is implemented.
What is GST advantages and disadvantages of GST?
GST Advantages and Disadvantages. The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.
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