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GST (Goods and Services Tax) is a comprehensive tax system in India that replaces previous indirect taxes and is levied on every value addition in the supply chain. It features a multi-stage, destination-based tax structure with various types including CGST, SGST, IGST, and UTGST, along with specific tax rates for different goods and services. GST aims to simplify tax compliance, eliminate cascading taxation, and promote trade and industry growth across the country.

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vjpatole708

Language

EN