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What type of tax is the Goods and Services Tax? - Economic Applications

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Question

What type of tax is the Goods and Services Tax?

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Solution

GST is a sort of indirect tax that was implemented to help India's economy thrive. There are three parts to the GST.

  1. CGST (Central Goods and Service Tax)
  2. SGST (State Goods and Service Tax)
  3. IGST (Integrated Goods and Service Tax)
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2021-2022 (April) Set 1
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