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Resource Centre / Categories :- Miscellaneous  » Miscellaneous
What is Goods and Service Tax (GST)?
Team SoOLEGAL | 01/01/1970

Ans. It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.

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