The GST (Goods and Services Tax) is a comprehensive tax reform designed to streamline the taxation process in a country.
The GST (Goods and Services Tax) is a comprehensive tax reform designed to streamline the taxation process in a country. It replaces multiple indirect taxes with a single tax structure, enhancing efficiency and compliance for businesses. By simplifying the tax system, GST promotes transparency and reduces the burden of tax administration, ultimately benefiting consumers through lower prices and improved services. This system is crucial for fostering economic growth and ensuring a fair tax environment for all stakeholders.
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