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GST (Goods and Service Tax) is a national tax that replaces all indirect taxes in India, aiming for a simplified tax structure with a uniform rate across states. It operates on a value addition basis, allowing producers to claim input credit, thus preventing tax cascading on consumers. While GST has potential benefits such as creating a unified market and improving tax compliance, it faces criticism for its impact on small businesses, the exclusion of essential goods like petroleum, and concerns over regula

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rajaswain714

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