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प्रश्न
Write short note on Goods and Service Tax.
उत्तर
Goods and Service Tax is defined as the tax levied when a consumer buys a good or service. That aims to replace all indirect taxes levied on goods and services by the Central and state governments. GST would eliminative the cascading effect of taxes on the production and distribution of goods and services. It is also a “one-point tax” unlike value-added tax (VAT), which was a multipoint tax.
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संबंधित प्रश्न
What is Goods and Service Tax?
Explain the taxation types.
Under which tax one nation, one uniform tax is ensured ______.
The ticket to amusement park is an example for ______ tax.
What are the types of taxes?
A ______ is paid directly by an individual or organisation to imposing entity.
______ is a liability to collect tax is that of shopkeeper but the burden of that tax falls on the customer.
______ is a kind of tax imposed on the sale, manufacturing, and usage of goods and services.
Identify the type of taxation shown in the figure below.
Define progressive taxation.
