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    What is the Goods and Services Tax (GST)?

    Answered 25-Nov-2022

    It is a destination based tax on consumption of goods and services.

    It is proposed that it be levied at all stages, from manufacturing to final consumption, with setoff of credit of taxes paid at previous stages.

    In a nutshell, only value addition will be taxed, with the burden of taxation falling on the final consumer

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