The Goods and Services Tax (GST) is a comprehensive, multi-stage tax levied on v
The Goods and Services Tax (GST) is a comprehensive, multi-stage tax levied on value addition at each stage of the production and distribution chain. It has revolutionized the indirect tax system in many countries, including India. Comparing GST with other indirect taxes like VAT, Excise Duty, and Sales Tax provides a clearer picture of its advantages and disadvantages
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The Goods and Services Tax (GST) is a comprehensive
,
multi-stage tax levied on value addition at each stage of the production and distribution chain
.
It has revolutionized the indirect tax system in many countries
,
including India
.
Comparing GST with other indirect taxes like VAT
,
Excise Duty
,
and Sales Tax provides a clearer picture of its advantages and disadvantages
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