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GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption.

• GST is a consumption tax that is ultimately borne by the end consumer.

• It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

• GST eliminates the cascading effect of taxes by allowing input tax credit across the supply chain.

• There are different rates of GST ...read more