What is Goods and service tax ( Gst)?

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Introduction
Goods and service tax ( GST)is combination of all indirect  tax of india. All of the indirect  tax like value added tax (Vat) , central service tax (Cst), sales tax , Import Duty, Service tax etc. It was also combination tax of goods and service .

What is indirect Tax?
When you paid tax to government indirectly then it was called indirect tax .you paid this tax thought third party to goverment.
When you purchase some goods or service you paid this tax to seller. and seller paid this tax to goverment .

What is Directed Tax?
Directed tax is When person income some current assets or Fixed assets then the person paid the tax to the goverment.
Exzample of direct tax is Income tax.

What is Difference Between before indirect tax and after indirect tax (GST)?Before you paid all of indirected tax in different pride of the year . But you paid Gst in a one period of the year .
When you Open a Business you apply Difference tax for Goods and service differently .But now you apply a Single Tax for any of Business.
When you paid the tax you have to visit different type of tax websites . But now you visit a single Tax website.

what is the tax benefit after implement of Gst?

                        Before.                     After(GST)
                   ( Price + Tax).            ( Price + Tax)
Ist seller.       100+10%.                    100+10%
                            110.                              110
2nd seller.     110+10+10%.           100+5+10%
                             132.                            115

So hear you can purchase give extra money for purchase but after implement of gst purchase give less then money of Before purchasing value.                 


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